It is very widely believed that lowering the value of the pound must increase inflation. Monetarists have always claimed that any gains in competitiveness from a lower currency must be offset by rapid price increases. But what might seem obvious needs to be checked against the economic statistics - and they tell a very different story.
Einstein said "Compounding is the 8th wonder of the world. He who understands it, earns it .... he who doesn't .... pays it". If you have been in trouble with a credit card then you would know what I mean. Investors, like Warren Buffet, and lesser-known, but hugely wealthy traders, like John W. Henry, have all learned to make compounding work for them with jaw-dropping results.