Pound's Brexit plunge unlikely to boost exports at 1992, 2008 rate

"Exporters need to continue to invest to remain competitive. If Brexit leads to an investment freeze, the fall in the pound might not be enough to boost exports," Christian Odendahl and John Springford at the Centre for European Reform, a research institute in London, wrote this week.

A falling pound does not automatically lead to a one-for-one boost to UK exports. Recent estimates show that a 10 percent reduction in UK export prices leads to a 4 percent rise in exports, according to Odendahl and Springford.