UK pound falls to fresh 2.5-year low against Singdollar as 'Brexit' fears persist

[specuvestor]

The market is too sanguine about Brexit. If article 50 is actually activated (which some are already saying it should be voted by the house than enacted by the PM) the impact on UK and EU might be more far reaching than they bargained for. The idea that UK can continue to enjoy same status, politically or economically, is delusional. Membership will have its privileges.

But I think Theresa May idea of getting the pro-Brexit guys to do the Brexit work make loads of sense. They should get Farage in as well.

The march to parity with Euro continues after the GBP flash crash

"Pound’s Precipitous Slide Risks Doing U.K. More Harm Than Good
Sterling tumble has helped cushion economy from Brexit fallout
    Accelerated decline, flash crash may undermine that role
  By Lukanyo Mnyanda

  (Bloomberg) -- The pound risks turning from prop to pain for the U.K. economy
  as Brexit negotiations near.
  Sterling fell for a third day on Monday, extending last week’s biggest tumble
  since the vote to leave the European Union in June. The currency’s declines are
  mounting amid a growing realization that the U.K. government’s approach to
  Brexit may mean forgoing access to the single market. While the pound’s
  weakness has helped cushion the economy in the immediate aftermath of the
  referendum, the latest slide may carry more costs than advantages."

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