It appears that the markets had already factored in the fact that the UL economy is f***ed. My predictions were a little out, the FTSE feill by 60 points not 100 and has since recovered, meanwhile Sterling has just continued its decline against the US Dollar and the Euro but not below 1.80 and 1.23 respectively.
Mind you that still makes a 14% devaluation against the dollar in a year, "crisis what crisis?"
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