Celebrating the decline in the value of the £ – incredible.

The pro-Brexit Mail on Sunday ran this story last weekend.

This is close to celebrating the decline in the value of the £ and the earnings, savings and pensions of anyone holding sterling.

Since the UK referendum vote, the British pound has seen a dramatic and sustained fall in value.

1 USD = 1 Euro =
June 22nd, 2016 68 pence 76 pence
August 24th, 2017 85 pence 92 pence

You can check more historical rates here.

This is good for inbound tourism as the June 2017 figures from Visit Britain show

Note the year on year  decline in inbound business trips of 7%

More data here 

The writing is on the wall and in the media – but it is being ignored. On March 30th 2019 the UK enters the promised land where you can have your cake and eat it.

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Harold Goodwin