The graphs below summarise the current state of the UK economy: The central, grey line is the Purchase Power Parity (PPP) of the pound - what it is really worth in the UK to buy things, this is the real value of the pound. The coloured lines show when the $ value of the pound is 20% out of kilter with the PPP value and speculators will all start buying pounds to make a killing on the markets. Recent talk by economics journalists about the value of sterling is largely propaganda about Brexit. The graphs below show why the PPP value has been falling: Much of the trade and current account losses go to the EU, especially Germany. Despite these dreadful figures the UK has been under the same economic cloud as most of the rest of the major EU economies (except Germany): [embedded
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Despite these dreadful figures the UK has been under the same economic cloud as most of the rest of the major EU economies (except Germany):