ML-Implode News - Brexit or not, the pound will crash

Few have lived as high on the hog as the brits have. Their current account deficit at 6 per cent of GDP is reminiscent of countries heading into depressions... The adjustment needed to correct this imbalance is not over and we should all expect a far weaker pound in the months and years ahead. Brexit only triggered what was already baked into the cake in the first place.
It is no secret that short-term portfolio investments fund a large part of Brits excesses. These are mere claims on UK future production or assets. The immediate withdrawal form UK real estate funds, which has since been gated, is the dying canary signalling what will come; the current account deficit will no longer be funded by complacent foreigners. The pound will collapse thus forcing the long overdue correction the UK economy desperately need for long-term sustainable prosperity.

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Brexit or not, the pound will crash