Some recent history of the pound falling suddenly, well four really bad ones that is and we're still here.
1971 Pound moves 3.4% after Nixon Shock -- cancellation of the direct international convertibility of the United States dollar to gold.
1 November 1978 4.3% "Winter of discontent" shakes global investors confidence in UK's economy.
16 September 1992 4.29% when the UK exited the exchange rate mechanism.
20 Jan 2009 Pound slides 3.9% at the peak of the financial crisis following the demise of Lehman Brothers.
So history will remember this one for sure, It reached something like 10 percent so pretty bad.
https://www.theguardian.com/business/2016/jun/26/how-will-brexit-affect-britains-trade-with-europe
The global markets have far more to fear in the future as other EU countries are almost as disillusioned as we are and will affect global economies just as badly as Brexit if more leave, so EU leaders please take the cotton wool out your ears.
Winston Churchill gave a speech in Zurich in 1946 recommending that France should lead Germany into a United States of Europe.
The German economy has made unbelievable gains since reunification and hats off to them they know what they are doing and have consistently proved it, Frances economy hasn't kept pace though in comparison and really don't want a tit for tat trade war with any of the EU states.
Saying that what about the hijacking of imported milk and wine tankers, pouring them out by the roadside by two EU members farmers, think the cracks are getting pretty big in the EURO ZONE! That would never happen here, would it?
Enjoyed reading all your comments BTW.
Biting the hand that feeds IT
