So far, so good. On the evidence to date, the Brexit shock has failed to have the negative impact many Remainers - including me - feared it might do. But we should be careful not to celebrate too soon.

Most of the positive economic news has either been quite backward looking, or focused on domestic consumption, which thus far seems to have been substantially unaffected and may be getting something of a boost from the feel-good influence of Britain’s Olympic triumphs.

There is nothing like success on the sports field to make a nation feel at ease with itself, and therefore more spendthrift. In any case, it’s been a powerful palliative after the divisions of the referendum campaign.

Unfortunately, a month or two of positive employment and retail sales data is not enough to be able to make final judgments. We’ve little idea yet what impact the vote might be having on business investment. With still no proper understanding even of what kind of relationship the UK Government is trying to achieve with Europe, let alone what the ultimate outcome might be, the uncertainty factor may yet come back to haunt.

The image that springs to mind is the cartoon character Road Runner, who keeps on running long after he’s left the edge of the cliff as if still on firm ground, only to look beneath him, realise he’s motoring on thin air, and plunge into the void.