Labelling graphs of market prices with events and then assuming causation is an all too easy game to play. The UK has an appalling trade deficit that requires an adjustment through a change in the exchange rate, the decline in the value of the pound can be interpreted as good news for the economy.
Labelling graphs of market prices with events and then assuming causation is an all too easy game to play. The UK has an appalling trade deficit that requires an adjustment through a change in the exchange rate, the decline in the value of the pound can be interpreted as good news for the economy.