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Well if predictions that market analyst are making things are only going to get more expensive, if rate drops to 1.20 then cards will see another £70 or so increase.
Its a complete disaster, because if we had voted to stay in, prices would have actually got better, not worse, this would resulted in even more sales and a stronger economy in the short term.
Lets hope UK gets back on its feet sooner rather than later.
But buying overseas goods doesn't help our national balance of payments. The devaluation of Stirling makes UK goods cheaper for the world to buy but makes it more expensive for us to purchase imported goods, like graphics cards. This should increase the amount of jobs in our economy.
Also, our national debt is held in £, so a devaluation actually decreases the value of our debt, another bonus.
Inflation could be a problem, but if people stop buying things like expensive graphics cards then it should be ok. If not, then interest rates will have to rise.
So not a complete disaster, really.