Quote:
Originally posted by BlazingLovatic
Fair enough, but it doesn't help that your arguments are so wishy-washy.
Mess, I've been capitalising 'Brexit' this entire time, when it isn't supposed to be capitalised. 
Aside from that, Brexit is the sole cause of the uncertainty, so even if it isn't the direct cause, it's still the factual cause.
According to 'experts', the Pound is expected to further depreciate over the coming weeks, and possibly months, so I wouldn't bet on that. |
It's a third-cause, but it's not as simple as 'Brexit is bad for the country, so the pound is down'.
The thought process is 'we don't know what Brexit is, let's hedge our bets'. So it's down as we don't know what's next.
If Brexit proves to be beneficial (I doubt it but who knows!) then it'll go up because Brexit itself isn't the problem, it's the fact that this has never happened before and no one is going to put so much faith in an untested probability. Whilst I think that it'll be unfavourable, the OTT statements to try and get a Remain vote are partially culpable.
My dad's best friend is a market analyst and the forecast is a steady build for about a month as they don't think there will be much in terms of factual information before then - if we get facts before then and it goes down, then yes we were right.
