There’s a myth that a cheaper pound has a sunny upside because it makes UK exports cheaper and so boosts sales. Reality is a bit more complicated. For starters, UK companies, property and assets are now cheap so expect foreign equity and hedge funds to start hoovering up. If you are a Chinese bank wanting a foothold in the UK high street, RBS is now an even more attractive acquisition. Scotland’s high-tech firms are also prime targets.
https://bellacaledonia.org.uk/2018/08/10/can-you-hear-the-pound-drop/