On 2019-09-03, mechanic wrote:
On Tue, 03 Sep 2019 08:57:22 -0700, Grikbashir®™ wrote:

Remainers seem to think that the value of the pound is extremely
important but it doesn't occur to them that the Euro has
historically not done well compared to the pound or the dollar.

Wrong, I'm afraid. Since the Euro was established the pound has
reduced in value, compared to the Euro, by 20% or so.

Nevertheless, the pound has been stronger than the Euro the entire time.

Treasury
policy since ww2 has been to systematically devalue the pound, in an
effort to boost exports.

Wrong. If anything, the pound has previously been overvalued.

It doesn't seem to have helped the economy
of the UK much though. We still lag many competitors. Some years ago
it was decided to abandon any role as a manufacturing nation, and
rely on financial services. These have been more successful.

And the pound is still stronger than the Euro and will bounce back after the
speculators have finished.

Incubus wrote:
And the pound is still stronger than the Euro and will
bounce back after the speculators have finished.

Dead cat?

#Paul

On 04/09/2019 22:57, wrote:
Incubus wrote:
And the pound is still stronger than the Euro and will
bounce back after the speculators have finished.

Dead cat?


Nowadays it's Rescue Puppy Bounce.