View Single Post
Old 27.11.2017, 10:58
pdofr's Avatar
pdofr pdofr is offline
Join Date: Apr 2016
Location: Aargau
Posts: 163
Groaned at 3 Times in 3 Posts
Thanked 260 Times in 137 Posts
pdofr is considered knowledgeablepdofr is considered knowledgeablepdofr is considered knowledgeable
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

View Post
The commonly held belief that when Sterling depreciates, we export more is simply no longer true.
That happened when the pound fell after the subprime meltdown.

There were reports at the time that exporters were choosing to take increased profits instead of reducing prices. Their choice at the end of the day, but yes, a falling pound does not automatically imply more exports.
Reply With Quote