Dr Tim Rideout says:
September 10 2021 at 5:06 pm
My expectation is that a post-Brexit sterling continues its 100 year pattern of decline so sinks against all currencies including the S£. So I am leaving the S£ unchanged and predicting a continuous slow erosion of sterling. We would not want the S£ to rise against the Euro, Dollar etc. Back when my mum went to Switzerland in 1947 you got 25 SFr to £1, today it is about one to one. I don’t think it would be good to pin ourselves to sterling unless somebody thinks we need a devaluation against everything else.
The P³ in charge of money printing will lead to the Bawbie rising against the £ sterling, will it? And an;t it quaint to think that the FX rate is in the control of a government anyway?
This is fun too:
Richard Murphy says:
September 11 2021 at 7:16 am
Scotland should never, ever join the euro and there is no reason for it to do so or peg. That would be economic madness. And Sweden proves it is not necessary.
So, Bawbieland can sign an international treaty promising to do something and not do it, ever, and that’s just fine. But for the UK to breach the NI protocol by having a border in Ireland – something not even mentioned in the Good Friday Agreement – is such a breach of international law that Boris should be on the wrong end of a pike?