The good and bad of the ££ weakening as we weathered through Brexit
How Boris will affect the UK Property market?
August 18, 2019Manchester named the best UK city to live in – again! – Manchester Evening News
September 1, 2019
Winner:
1. Foreign student and investor. Hedge your low ££ now. As I said, quality of UK Education and its strength financial sector wouldn’t erode significantly
2. Tourism. Visit and enjoy UK at a 10% cheaper given the weaker currency.
Loser:
1. Retailer. Cost of import rose with weaker currency
2. Pensioner. Especially if pensioner are residing overseas due to weaker currency.
Conclusion: The risk have been priced into the currency and currency matters. I feel PM Boris is wise to push through the Brexit by October for economic planning as it requires rebuilding certainty for the strengthening of £. Market like certainty.