Bloomberg (HERE) are reporting the pound hit a 3-week high yesterday, recovering some of the post Brexit vote losses as it got to about $1.325. This was on the back of data showing export orders had posted their highest for two years, attributed to the earlier fall in sterling.
However, Bloomberg point out that it is still 11% down and the worst performer of the major currencies.
I think we can expect this. The economic hits will take time to impact us but we will almost certainly see the results next year and thereafter.
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