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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  

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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