>>79295654
cucks never apologize

>>79295654
>liberals
>admitting they were wrong
>in the current year

Any /biz/ fags able to explain why the pound vs the dollar is still shite when the ftse has recovered

>>79296971
Everyone is still converting

>>79295654
How is the JPY compared to us?
Last I checked theirs went up as we dropped, I wont pay extra for manga, import costs are bad enough already.

>>79296971
That's a good thing though. A weaker pound, while hurting the financial sector, greatly helps the manufacturing and production industries

>>79295654
>retards on both sides literally losing their shit about several days changes

>>79296971

The ftse based on pounds, so when the pound dropped, it made it cheaper to foreign investors. If you converted it to dollars, it would equal out. The current strengthening is just correcting for the kneejerk reaction from brexit.

>>79296971
Currency is distributed by the government and based on the political and economic stability of the country. For example, the ruble crashed after Russia annexed Crimea and was hit with a wave of sanctions. Stocks however are based on the performance of the company, which is a lot less although still somewhat related to the political and economic stability of the country.

The short term effects are laughable. Short term speculation was proven to be impossible to yield consistent gains. The long term effects are far more important. Of concern is exiting the EU markets and the new non EU regulatory framework of British banks. As >>79299169 points out devalued currency does help in exports but it's a load of shite because manufacturing is 19% of the economy, services (banks, IT, healthcare) is 80%. And exiting the EU markets means your exports and imports have tariffs which raises manufacturing costs while decreasing sales.

>>79296971
70% of FTSE 100 equity is abroad, so the drop in GBP strengthens their liquid assets. Additionally, whilst their current inventory is run dry, they have a greater return thanks to the temporary increase in export, due to the lower cost.

That's why FTSE 250 is a better barometer of the British economy, and not the global economy that FTSE 100 indices are used for.

Until policies are formulated, the markets are volatile. They'll still be so afterwards, until certainty can be ascertained.

and now stupid cannuck cuckfuck gone and fucked it all up by issuing a statement, jesus fuck why do we need a cannuck to run our central bank they cant even speak English properly.

WTF i hate EU now

>>79295654
The individual who steered us into some of the best growth within G7, that even made Brexit possible?

You're a dip, in a subject way over your head.

>>79302112

lel even the mexican peso recovered to pre-brexit values

but canadian dollar keeps going down the drain

The UK won't leave for at least a couple of years, so right now traders are probably going to wait and see. Boris Johnson isn't going to be PM, which means it's unlikely they're even going to do anything about the referendum.