With Boris Johnson as Britain's new Prime Minister and no-deal Brexit a serious possibility, the British pound is collapsing. A dozen years ago, I visited Britain when the pound was worth $2. The Brexit vote knocked it to $1.35. It rose when people thought they saw ways out of the problem, but right now it's down to $1.22.
This could add to the ugliness of Brexit. Just at the moment when trade disruptions make imported goods hard to get, they become even harder to get because the currency you use to buy them has lost value.
There's a chain called "Poundland" that runs a British equivalent of American dollar stores. The name also seems to me like good slang for post-Brexit Britain. And if bad things happen to the pound, things could get bad in Poundland.
There's a chain called "Poundland" that runs a British equivalent of American dollar stores. The name also seems to me like good slang for post-Brexit Britain. And if bad things happen to the pound, things could get bad in Poundland.
