Ah, yes, the Boris Johnson effect in full swing, destroying the pound with every passing day. Will be reflected in higher inflation and pain for importers who are already suffering the uncertainty of Brexit. You can't beat reality, no matter how much optimism you throw at it.
But anything Boris Johnson can do to the pound vs the dollar, he can certainly also do to the pound vs the Euro. Good luck getting your holiday currency now - you'll need smelling salts when you see the exchange rate!
Day before the referendum, the pound was at $1.47. Now it's $1.22. Currencies fluctuate all the time, but if you look at long-term trends, it is super clear that the referendum created a "disconnect" in which the pound suddenly started trading in a new lower band. Brexit effect!
And don't let anyone fob you off with talk of a rising FTSE100. The companies listed there are generally huge multinationals, so they benefit from a weaker pound to enhance their earnings. Tells us nothing whatsoever about the wider economy.
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