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Old 27.11.2017, 11:29
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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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.
It's impossible to raise prices on a commodity product, so never drop the price if you can avoid it. Prices in UK shops are 3% higher when the currency has fallen over 20%, clearly exchange rates make little difference to prices as goods are priced at what the market will bear.

Did prices in CH fall over the last few years?
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