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October 12, 2018


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I have to take issue with the first chart title "The British Pound is 23% undervalued ..." Use of the term undervalued makes it sound like it should be parity. It shouldn't. With Brexit, and in general, the pound should most likely be worth less than the dollar (although historically its alway valued significantly higher), and should have less buying power due to a significantly smaller and weaker economy than the U.S.

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