miltiades wrote:A glimmer of hope this morning as the pound seems , in overnight trading, stabilized at around 1.217 to the dollar and 1.146 to the euro. I sincerely hope that my rather gloomy prediction does not come to fruition and that sterling will steady it self.
The markets/ speculators/ investors appear to have now accepted that article 50 will be invoked come the end of the month. Will there be further turmoil before then, one does not know.
I will still favour switching sterling holdings to the dollar that right now appears to be the markets favourite currency.
These fluctuations shouldn't worry you too much.
What you should worry about is the future of the British economy.
Imo it's not going to be bright, and it will need at least 10 years before it adapts to a new economic model.