The Weaker Pound Offers Cold Comfort This Time

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Financial Times | Letters | Uncertain | Relevant: pound, sterling


Summary:

The fall in pound has been referred to as a silver lining to the economy of UK. While it may hit the employment and consumer demand, the depreciation will be able to aid the exporters make their goods cheaper abroad. Domestic firms will be able to increase the price of their imports to be competitive.


 

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