The pound’s fall is merely the crowd-sourced view of Britain’s perceived economic prospects. If Brexit comes to be seen as good for Britain it would reverse. Some thoughts on the plight of sterling and what British consumers have in common with Donald Rumsfeld, written for Portland’s Brexit unit, here.
Here’s a link to an article for Portland, where I am chief economic adviser, on the priorities for financial services companies when they consider how to approach Brexit.
Written just as the markets were opening and the prime minister was resigning, here’s my note for Portland Communications on the Brexit result.