Friday, June 24, 2016

Trump:"If the pound goes down, they'll do more business,"

Trump cast the potential economic turmoil as positive. "If the pound goes down, they'll do more business," he said at his Turnberry golf resort. "I think places like Scotland and England, I think you're going to see a lot of activity. I think it could well turn out to be a positive. What is known is that they've taken back their independence. I thought this would be a good thing. Some don't like (it) and some do like it."
end partial quote from:

At Trump news conference, it's all about him -

This is true that more people will buy British with the pound lower. However, there are many consequences both good and bad when a currency devalues beyond selling more goods abroad.

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