QUOTE (newres @ Apr 17 2018, 08:07 AM)
The thing about exchange rates is that they are very subjectively arrived at. I used to import a lot from the US about 10 years ago and the exchange rate was about 1.7. Although they plummeted after Brexit, it was damaging in terms of inflation, it was really just a registration of shock and confidence at that point. As things have progressed I think the market is now expecting little change in our economic relationship with the EU as we have made concessions.
If I remember correctly you were all doom and gloom when the pound fell after the brexit vote. Wasn't as bad as all that was it?