miltiades wrote:Paphitis wrote:miltiades wrote:" In 2014, the United Kingdom exported $472B and imported $663B, resulting in a negative trade balance of $191B."
Exports will undoubtedly benefit from a week Sterling, but imports will go up considerably.
The outlook for the British economy over the next few years is not exactly encouraging.
here is a tip for you.
In 5 years time, Britain will be laughing at the EU.
trade deficits are not a good measure of the economy either. Most industrialized countries have trade deficits.
Your opinion, not that of economists or investors. If this was the case then Stg would be on the up.
Wrong again mate.
By the way, Germany's record trade surplus in 2015; US, UK, France in deficit
the Sterling will go up. When that is I can't tell you.
but I would guess that with a low Sterling, foreign investment will be on the rise. That is usually the case because the Sterling is artificially low.
These are not opinions. You are having BREXIT. to be fair its only to be expected that the markets need a period of adjustment.
this is not a permanent state of affairs. And even if it was, I would sooner be happy with a lower sterling than have the indignity of having to tolerate those stupid Euro Technocrats. An exchange rate of 1.11 to the Euro isn't the worse thing. Nor is it a measure of the resilience of the british economy.
