Robin, with due respect, may I remind you that speculators do not only concentrate their speculative moves on just one currency, in this case Sterling. Call it whatever you like the fact is that Brexit has done the pound NO good. It is the ONLY reason Sterling is down .It has never recovered from it's pre referendum levels and I very much doubt it ever will. Brexit is anathema for British economy and in time I believe " leavers" will realize it. I cant see the benefits of Brexit to either our economy or to the British public. The nonsensical arguments presented by the Clown, now the PM as well as the biggest arsehole in the country, namely Farage , will sooner rather than later be seen for what they are.
I still think that the very vast majority of those who voted leave are not only sitting on their brains but are bloody stupid too.