Vacendak

I think the pound will fair better in the long run through Brexit.  It may even eventually become a safe haven.  The Euro has many significant problems with negative rates, bank bailouts and Greek debt problems bubbling away just now.  We will also find out on Thursday the direction of the ECB with their policy meeting.  If the Labour party or a combination of them and the SNP get their hands on power then real concern will erupt in the pound is my opinion.  A possible two further referendums and tax rises on business will be taken very poorly imo.  A vote to reverse Brexit would not return the pound to any strength either.  The situation in Europe is not good and now that we are supposedly leaving the market has got used to that idea.  Threatening to rejoin would likely just damage it further along with all the damage from left wing tax and spend implications and the like.  I can see a lot of foreign money abandoning the UK if a combination of the left wingers get in.  Hence why gold is looking like not a bad trade to keep cash safe through all this indecision.