Simple really. Its nothing more than we expected from Brexit. Only you as a Remoaners are shocked enough to mention it. But im sure you'll find something to po po it.
Lol, IIR - this is what you honestly expected?! Good lawd. Anyhoo, it is down to two main factors; the first is the large economic growth in the REST of the world (sadly, not us) with a resultingly increased demand, and the second cause is the weakened pound. So, yes, it's 'down' to Brexit. Well done the UK - riding on the world's coat-tails...
I liked the pound being valuable. I don't have Yen, Kroner or Rupees in my pocket. I have pounds (six of them to be precise). I dislike other countries thinking the pounds I have are worth less than they were. They have stuff (like food and manufactured goods) that I want to buy. I want them to think my currency is worth something. Sure, it's great if you're exporting because the other countries pay in a proper currency - not rubbish, monopoly money, pounds. The exporter can then buy pounds cheaply with that foreign currency and give the cheap, crapee pounds to the employees. Employees' pounds which ultimately have to be converted into dollars or euro to import food. In fairness - it could have been worse. The dollar has also taken a slide over the last twelve months too, so the pound/dollar rate isn't as bad as would have been had there been a US president with a triple digit IQ. But the bit I really don't understand is when people tell me the pound was massively overvalued. It's sort of saying, British pounds were always rubbish - but it took Brexit to prove* it! * but probably not proven to JoT's exacting standards.
Do you really like the pound so valuable that it actually harm our businesses which in turn harm's our country. ??
Increased world demand = increased exports, it's how it works, describing it as riding on the world's coat-tails is not only disingenuous, it's a little odd.
Euro will be gone before long. I'll take less than 5 years at evens, anyone else what to estimate a time scale.
Can't help thinking that those that 'launder' their profits into foreign banks so to AVOID tax can't be too happy, the pound being weak. Mention no names, of course.