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Old 27.11.2017, 10:58
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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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.
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