Politicians propose; markets dispose. Last week began with a statement by Theresa May, the UK prime minister, of her plans for Brexit. The foreign currency markets responded by writing down the value of UK assets. The UK is determined to “take back control” of its fate. But formal sovereignty is not power. The UK government announces its intentions. The reaction of others determines results.
政治家提出计划；市场决定结果。上周初，英国首相特里萨•梅(Theresa May)发表了一份声明，阐述她的退欧计划。外汇市场对此做出的反应，是使英国资产贬值。英国决定“拿回”自身命运的“控制权”。但正式主权并非决定力量。英国政府宣布了自己的计划。决定结果的是其他方面的反应。
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