We were about to see parity with the dollar. It was fetching less than an euro at the airport. Spiralling costs were about to wipe out what little remained of our manufacturing industry, and the RXS’s – that’s the racist, xenophobic scum, in case you were wondering – were all about to lose their jobs.
A collapse in the value of the pound over the summer and the autumn was one of the few genuinely worrying economic consequences of our vote to leave the EU – and the Remain camp used it endlessly to demonstrate that the economy was in freefall. It wasn’t quite a full-blown sterling crisis, of the sort that used to crash the British economy. But with every hedge fund in the world shorting what the wags on the trading desks started to call the British peso for fun, it came very close.
But hold on.
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