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Ex-Brexit Secretary Says Fall In Sterling Value On No-Deal May Not Be A "Bad Thing".

: 02/11/2019 - 17:44

In the UK,

Former Brexit secretary David Davis claims a 20 percent fall in the pound's value if there's a no-deal Brexit may not be "a bad thing".

He says it's because British goods would be more competitive on the global market - making those of EU rivals less so.

A drop in the value of sterling could push up inflation - making everyday items more expensive.

 

File image.

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