|USD:GBP exchange rate through 2016|
We had a massive devaluation in sterling against major currencies such as the US dollar and Euro immediately after the surprise Brexit vote in June. There was a further slide after Brexit announcements at the Tory conference. Hardly a ringing endorsement of the UK economy by the professionals. Nor had such a hefty devaluation been suggested as a serious answer to the UK's economic issues.
Looking at the transition issues of Brexit and the likely long-term result, I would agree with what the currency market seems to be saying. "Brexit means trashing the economy."
Unless the Government can quickly pull a rabbit out of the hat, the country needs to think again. Businesses should be planning for "No Brexit" as much as any other shade.