SorcererMC
Well-Known Member
Please keep in mind that an overnight 10% drop in the Sterling/Dollar exchange rate is unprecedented. It is just the first fallout from Brexit. The important question is: How will Brexit affect consumer sentiment?
British politicians opposed to Brexit have been painting a bleak picture for months. Now the pound plummets immediately after the vote. The consensus is that the pound will fall a bit further, and that Britain is in for rough economic times ahead.
As I posted on another thread, Disney Parks & Resorts revenue tends to be a trailing indicator of difficult economic times:
View attachment 148223
Brits today might say, "I'm going to Disney World." Historically, that sentiment will change if Brexit drags the British economy down.
Thanks for posting that here as well. And accompanying explanation tailored to this thread.
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