The pound has taken a beating since Brexit, good news for its stock market and exporters, but commentators are warning that a ‘hard’ exit from Europe means there is every likelihood of sharp deterioration in economic and financial conditions over the coming months. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Britain benefitting from its battered pound, but this is just the calm before the storm

The greater perception among companies, investors and the London-led financial services sector is that the country is heading for a hard and painful Brexit

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The pound has taken a beating since Brexit, good news for its stock market and exporters, but commentators are warning that a ‘hard’ exit from Europe means there is every likelihood of sharp deterioration in economic and financial conditions over the coming months. Photo: AFP
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