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Consider the advantages and disadvantages of a sharp rise in the pound upon different UK businesses.
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Consider the advantages and disadvantages of a sharp rise in the pound upon different UK businesses The sterling currency, just like any major currency will fluctuate and slump in times of economic prosperity and recession. The impact that these fluctuating exchange rates have effect all companies that operate in the global market; British and foreign. A sharp rise in the pound means that in relation to other global currencies, the pound is worth more of other weaker currencies. For example in 1980 a pound could buy 525 yen (the pound was strong) whereas by 1995 the pound had fallen to just 135 yen. A strong pound has implications for UK business and this will be explored in this essay. UK firms that import raw materials will be able to buy more products for their money. Manufacturing firms that receive supplies from Europe will find that they have reduced variable costs per...
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