Pound-Dollar exchange rate - NOT amateur radio

In the last few weeks the pound has gone down against most currencies. This makes UK exports more competitive, but imports dearer. Against the US Dollar the rate is $1.2244 to £1 currently. The world fears a "hard BREXIT" from the EU. My own view is the EU did not want the UK to leave as it needed us to prop up the (failing?) institution. I think the Euro will weaken a great deal in the next 18 months or so. I am no expert though!

In the short term we are likely to see higher UK prices (inflation) and a bettering of our trade deficit. Many EU nations will need our trade in the future. If we depend less on finance and make more, that would not be a bad thing.