Jefferies: Falling Pound Is Nothing But Bad News For UK

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Rupert Hargreaves
Published on
Updated on

Falling Pound Is Nothing But Bad News For UK

It is an very interesting time to be a British investor. Since the country voted to leave the European Union at the end of June, the entire country has been covered by a cloud of uncertainty and while the data shows that that the country’s economic stability has not faltered over the past six months, there is a growing belief that the music is about to stop.

Yesterday’s speech by the UK Prime Minister Theresa May has, to some extent, lifted the cloud of uncertainty, although it has also confirmed that the country is now heading for a so-called ‘hard Brexit’ — ultimately the worst choice for international businesses.
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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk