The British Pound is now trading at its third lowest value to USD since 1791

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It is now at its second lowest since 1791. Only was it lower in 1985 when it dropped to 1.30USD

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If a mod could update the title that would be great.
 
I know shit about economics...so...

Will this affect the CAD in any way? We are already hurting here with our fucked currency
 
People are about to lose their homes.

People are about to lose their jobs.

It is like a morgue here at work.
 
People are about to lose their homes.

People are about to lose their jobs.

It is like a morgue here at work.

At the risk of sounding decidedly out of touch, can anyone explain why this would be the case? I mean, I understand the second point, but why are people about to lose their homes? Maybe as a result from (again) the second point, but still.
 
Can someone explain what's happening to the uninitiated?
 
Can someone explain what's happening to the uninitiated?

The proletariats are finally rising up!

To cut off their own face mostly it seems.

I actually don't know the general demographics voting 1 way or the other but assume the most of the middle class and all of the upper class would vote to stay in because of their investments/assets
 
Hope it tanks some more. I want a cheap vacation to the UK!

The trick will be the timing. You'll want to get there when the Pound is reaching rock bottom, but before the country has devolved into a post-apocalyptic wasteland ruled by roving gangs of drunken football hooligans.
 
It isn't just UK that is getting hit financially, we in Australia are also feeling it which is so fucking shit. Thanks cunts.
 
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