> Look at a graph of GBPUSD. The pound spent all of 2017 increasing in value, and you'll see that by the start of 2018 the pound had erased the entire drop that followed the EU referendum - it was back to the value it was at the start of 2016.
GBP/USD:
* 7 Jan 2016: 1.46
* 20 Oct 2016: 1.22
* 15 Dec 2016: 1.34
Jan-April 2017 were at the level of early 2016, but still lower than just before the referendum itself.
Then it went back down again. It’s currently 1.31
That graph looks like two patches of normal currency variations separated by a vertical line on 24 June 2016. If that’s not a collapse, what is?
GBP/USD:
* 7 Jan 2016: 1.46
* 20 Oct 2016: 1.22
* 15 Dec 2016: 1.34
Jan-April 2017 were at the level of early 2016, but still lower than just before the referendum itself.
Then it went back down again. It’s currently 1.31
That graph looks like two patches of normal currency variations separated by a vertical line on 24 June 2016. If that’s not a collapse, what is?