a plague o both your houses

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Two facts:
  • The London FTSE index has closed up 1.95% on the week. Yes, that says up.
  • The British Pound Sterling (GBP) continues to trade, but it’s found its weekend level more or less. It’s 5.5% down on the week.

In other words the UK internally, in British Pounds Sterling terms, feels a little better about itself financially this weekend than it did last weekend. But for the rest of us the United Kingdom is a cheaper place. Welcome to isolationism.

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