Post-Brexit, UK's Manufacturing Sector Soars. Value of Pound Rebounds...
For the UK, Brexit has largely been a leap of faith into the arms of independence. That's why when the pound was depreciating in value for a little while... bitter Europeans, AKA sore "remain" losers, quickly disavowed Britain's move and doomed them to failure (see AWESOME: UK's Nigel Farage Blasts EU's Pathetic Response to #Brexit). But the UK said nay. This isn't their first rodeo. Or tea party, whatever Brits do. Aaand here we are a few months later. The value of the pound has gone up. Oh, EU! Skunked again!
The value of the pound has jumped after a survey indicated the UK's manufacturing sector rebounded sharply in August. Since the Brexit vote, the pound has fallen in value by more than 10% against both the US dollar and the euro. Following the release of the latest PMI survey, the pound jumped to $1.33 [in value] before falling back slightly. Against the Euro, the pound was 0.6% higher.
Markit said the month-on-month increase in the PMI level was the joint largest in the survey's 25-year history. "The August PMI data indicate a solid rebound in the performance of the UK manufacturing sector from the steep downturn that followed the EU referendum," said Rob Dobson, senior economist at IHS Markit.
First of all, we're proud of you, Britain. Welcome to the freedom club.
Secondly, this is pretty big deal for them. If they continue on growing like this, life will begin to vastly improve in the UK. Especially now that they don't have a clingy European Union breathing down their neck and telling them what to do, what currency to use, or how many migrants to take in (see European Union Plans to Fine Countries... For Refusing Refugees). There's yet to be a census, but there seems to be a direct correlation between "rapey refugees" and quality of life. It's the little things.
Seeing the UK grow in spite of the European Union brings me joy. Why? Because the European Union is a collectivist crapmachine (EU Countries Not Allowed to Detain Illegal Immigrants. Guess Why...). It's looking more and more like the Brexiters are right. Britain doesn't need the EU. And if Britain can do it, other countries may be inspired to leave as well. Hopefully it'll leave the EU's globalist ways shrinking to nothing but an irrelevant blip in the history of Europe.
Wishful thinking? Maybe. Outside the realm of possibility? Not so, clearly. After all, the UK kicked the Union to the curb. Specifically because of Nigel Farage. You go, Nigel... you go.