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Three minutes after ten is a time. A very good morning to you.

Let's dive straight in on this one.

Well, actually, no, let's dance around a little bit first and make some airy-fairy observations and speculations.

There's two worlds, isn't there?

I mean, you know that the value of the pound or how the pound performs against other currencies is important.

Partly because people keep telling you that it is and, you know, it affects how much spending

power you have when you go on holiday. I'm thinking about normal people like us, people who

don't make killings one way or the other on currency fluctuations and don't completely understand

what they are. I've never

really been embarrassed by that ignorance because, you know, it lies too short. You can't be an expert

on everything. But at times like this, it is a little bit embarrassing how few of us actually

understand what's going on. I give you an indication of Brexit Britain. There is a man who used to have quasi-quarting

on his payroll as a sort of advisor and who has also spent time married to one of Rupert Murdoch's

daughters who reportedly made millions and millions of pounds when the pound

went off a cliff on Friday. Shortly after, the current chief secretary to the treasury, a chat

called Chris Philp, had tweeted how good it was to see the pound performing so well in response

...