Lets say we have a no deal brexit, and the pound crashes in value. All my investing money is in Vanguardās world etf tracker which i buy in GBP. Does that mean it will go up in value? Can anyone say what the relationship is?
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My intuition says that the price of the fund would go up. If SOME-STOCK-A traded for $100 yesterday, which was ~Ā£80, and the pound crashed so that $100 is now Ā£100, youād need to pay Ā£100 for that stock. Same for a whole fund.
As far as companies who use other currencies you would see a big increase in value. Youāll notice the ftse rises in value when pound falls because so many have income in us$.
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