Farage on Brexit sterling slump: "So what?"

 
Lynsey Barber
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Farage appeared on the BBC on Sunday morning (Source: BBC)

Brexit supporter and Ukip leader Nigel Farage has said it won't matter if sterling falls if Britain votes to leave Europe in the upcoming referendum.

"Even if sterling were to fall a few percentage points , so what?" he said, speaking on the BBC's Andrew Marr Show on Sunday morning. "It's a floating currency and it will be good for exports".

Read more: We asked 12 experts what markets will do the day before the EU referendum

"I worked in this for 20 years, I think I know better than most about this," he said. "Sterling and the FTSE are up since March," he said, referring to the fall in European stocks on Friday and sterling fell against the dollar.

EU referendum polls have caused significant swings on the currency markets and experts have predicted volatility in the wake of the vote, if the result is for leaving Europe.

Read more: Pensions are at risk from Brexit, David Cameron warns

Sterling is predicted to fall more than three per cent in the run up to the vote, according to City A.M.'s exclusive polling of experts.

Prime Minster David Cameron appearing on the same show shortly after responded to the comments, saying a fall in sterling will push up prices.

"If the pound falls, the prices in our shops will go up," he said.

The Prime Minister also responded to claims of scaremongering after warning that pensions and other services were at risk if Britain votes to leave the EU in less than two weeks time. Cameron said it would be "irresponsible" not to warn voters about the risks of leaving.

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