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There's an argument that the crashing pound is the best thing that could happen to Britain right now

Albert Edwards, Societe Generale's notoriously bearish strategist has a rare bit of positive news for the citizens of Britain, and it is about the pound. Writing in his weekly Global Strategy note, Edwards — who is renowned for making big, bearish calls on the state of the world — argues that the recent crash in the pound, which has seen Britain's currency plumb new lows on an almost daily basis in recent weeks, will benefit the UK by stimulating inflation, something that virtually every single developed nation is struggling to achieve right now.
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