Economics and Investing:
“Sound as a Pound?” There is now plenty of conjecture about the prospects for UK’s Pound Sterling. Will the Pound’s post-Brexit plunge in the exchange markets continue? (As of Friday evening, it had crashed to 1985 levels.) Or will there be a Pound Rebound–making the Pound a “Buy”? (Some say that the divorce from the EU might eventually put the Pound in the same category as the Swiss Franc.) In the short term the weak Pound will mean strong exports from the UK. The shares prices of England’s car makers and woolens makers are likely to gallop. Tourism in the …