Pound's Brexit plunge unlikely to boost exports at 1992, 2008 rate
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LONDON Sterling's plunge since Britain voted to leave the European Union was the biggest in more than 40 years, but its boost to UK exports may well be far less than after similar tumbles in 1992 and 2008.
Japan shows that a fall in the currency doesn't lead you to the promised land of export growth," said Stephen King, senior economic adviser to HSBC.
If Brexit leads to an investment freeze, the fall in the pound might not be enough to boost exports," Christian Odendahl and John Springford at the Centre for European Reform, a research institute in London, wrote this week.
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