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Why did the pound take big hit on Friday 13

 

When an economy in decline since 1870, that has a huge government debt problem, announces a budget that increases debt by 125 billion £ and then announces it has record coronavirus cases some investors may not think that a golden age is around the corner.

Edited by Logosone
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On 3/14/2020 at 1:18 PM, Logosone said:

Why did the pound take big hit on Friday 13

 

When an economy in decline since 1870, that has a huge government debt problem, announces a budget that increases debt by 125 billion £ and then announces it has record coronavirus cases some investors may not think that a golden age is around the corner.

Correct all those people who thought brexit was so good are going to really sad.

 

Before the difference between the pound and the euro was around 4.5 bt now its 3.3 and it might drop even more as the euro is gaining strenght while the pound is dropping.

 

Bet a lot of expats are not happy now having supported a brexit. 

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22 hours ago, robblok said:

Correct all those people who thought brexit was so good are going to really sad.

 

Before the difference between the pound and the euro was around 4.5 bt now its 3.3 and it might drop even more as the euro is gaining strenght while the pound is dropping.

 

Bet a lot of expats are not happy now having supported a brexit. 

Correct, the golden times of plenty and superp opportunities promises of the Brexiters have been exposed as the shallow lies and untruths they really are.

 

Anyone living abroad on the pound will regret voting for Brexit. Pound again falling to 1.20805 today, but maybe a bottom has been reached? Would be nice, but we'll see. 

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