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Economics & Finance Boris Johnson Brexit Currency No deal Pound sterling

When it comes to the falling pound, “project fear” has been vindicated

The alarming drop in the value of sterling will hit living standards—and holidaymakers

By Vicky Pryce  
July 31, 2019

Photo: Gareth Fuller/PA Archive/PA Images

If there is one thing Brexiteers admit that “scaremongering” economists got right it is the exchange rate, which has been very weak since the referendum. I remember being on a platform at the LSE on 23rd June 2016 when the first results came in from Sunderland, which declared 60:40 in favour of Leave. This spelled the end of Remainer hopes. Behind us on the screen, which was showing the BBC programme, sterling promptly went into a nosedive and has since stayed down at some 10-15…

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Vicky Pryce

Vicky Pryce is a board member of the Centre for Economics and Business Research and a former Joint Head of the UK Government Economic Service

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