whenever someone says [asset] is doing bad on a market.. you have to ask bad for who
if a market was at a high and now correcting down to value, its actually good for buyers
if a market was low offering good deals but now going premium, its actually good for sellers
GBP on the $->£ was at $1=£0.82 two months ago and now $1=£0.78 (-5%)
however
GBP on the £->$ was at £1=£1.22 two months ago and now £1=£1.29 (+5%)
so a good time to buy some $$ and then when things go back sell the dollar and reap the rewards of having more pounds
if the real estate market has slumped then its a good time to buy property.
if the real estate market has inflated then its a good time to sell property.
..
people need to learn there is opportunity at both sides of a market sentiment.
Gbp doesn't offer to the world much other then just destination of wealth and money
One thing what keeps Capital inflow in UK is thats lot people want to register company in UK and manage business online without never even going in UK and even russian citizen can Do that operate company registered In UK it cost little only that's one reason, but London UK is over inflated with money there is not much productive activities mostly only MONEY from all around the world.
you are correct the UK is a small island so not really a product producer of th world and more so the financial powerhouse of the world.. but here is the thing.. its been like this for decades-centuries... sooo. whats different today.. apart from your personal realisation of the situation (which has been in place before you were born)
But when we talk about GBP well it doesn't do well and will fall against other fiat currencies.
Also need to understood that UK is out of cryptocurrency binance is not there....bybit is not you see a lot liquitity missing to be connected with £ If they will connect more will be bigger inflation too but more money who cares about inflation If this city offers a lot money making money to work then you don't care much about inflation
again whats suddenly new?
what you got to realise is economy moves in waves. it doesnt just head upwards in one direction constantly. it comes and goes.. ups and downs..
much like bitcoin itself peaks and dips. ATH and corrections..
sooo. what you got to realise is when its up, who is benefitting.. when its down. who is benefitting. and ensure you find the opportunity too at each wave.
this goes for all markets
when media is screaming fear and bad news. find who is taking advantage of the situation
what you mostly find is most markets which media report emotional triggering stories of have a reason.. much the same as how pump/dump groups try to control a market
when an influencer buys at value, the influencer then gets media or social media to then promote everyone else show pump/inflate so that the originator/influencer can sell at peak of pump.. then after the influencer makes their act first, then he will want to make a dump signal so he can see the price correct so he can buy cheap again
so work it out. work out how to take advantage of opportunities of both ends of the market