ChrisF wrote: but as long as people carry on panicking and scaremongering it will continue to fall.
Unfortunately its not about concept but all about content - the economic ramifications from Brexit are structural and can be readily calculated. The only uncertainty is the model we will be able to negotiate. For sure the UK economy will be smaller, its just a question of how much. The reduction in value of the pound from 1:150 to 1:130 against the USD was the first step. That's done and won't be coming back. Now we need to see how the negotiations will end to see how much further it will go. I reckon somewhere between 115 and 120. But that was always the deal, right? You'll be poorer but you'll 'have your country back', whatever that means.