And some of that article says "medium term". There is still no decision on what Brexit will look like and the number of businesses planning accordingly is increasing.
> "Don Smith, deputy chief investment officer at Brown Shipley, said: “The uncertainty generated by a decision to leave the EU would undoubtedly be damaging for sterling assets across the board and, indeed, the value of sterling on foreign exchanges"
Sterling was 1.3 to the euro just before the vote and is now 1.13.
Yes, I'm sure. Look at the claim - it's specific to 2016.
Sterling was 1.3 to the euro just before the vote and is now 1.13
Because the BoE panicked and dropped rates even further, which always hurts the value of a currency. Regardless, my point was about the prediction I specifically named and more generally, the vast wrongness of the FT - a problem that has gone unanalysed and uncorrected, as far as I know.
Really? Are you sure? It's still in the fractional percentage points: https://tradingeconomics.com/united-kingdom/gdp-growth
And some of that article says "medium term". There is still no decision on what Brexit will look like and the number of businesses planning accordingly is increasing.
> "Don Smith, deputy chief investment officer at Brown Shipley, said: “The uncertainty generated by a decision to leave the EU would undoubtedly be damaging for sterling assets across the board and, indeed, the value of sterling on foreign exchanges"
Sterling was 1.3 to the euro just before the vote and is now 1.13.