Rocsteady wrote:I don't think it's that big a leap. After the vote - when we realised that Article 50 wouldn't be invoked immediately - most of us here would still have guessed our economy would be doing much worse than it is for fear of the future.
The pound's still at rock bottom but we should be prepared to give credit where it's due because otherwise arguments cannot be taken seriously; if everything's looking fine on the jobs front yet we still pretend it's disastrous it's incredibly unpersuasive and counter-productive. The news is good and reflects, at worst, a slight positive on what was to be expected from Brexit: jobs haven't yet fallen off a cliff.
I partially agree with you there. It is certainly too early to tell what the economy is going to do when we leave the EU and we cannot keep saying “Brexit sucks” or “Brexit’s great!” at any positive or negative financial news. Job numbers are reliant on a huge range of factors, Brexit will have a little bit of an impact at the moment but not enough to make any real difference in the totals.
But, I think the value of the pound is different, that dropped off of the cliff as soon as the referendum result was announced and has barely climbed since. With that we can actually see and pinpoint an effect on the market of the uncertainty of Brexit.