Appreciation of the British pound will

Question

Quizplus · Accepted Answer

Appreciation of a currency means that the value of that currency has increased in relation to other currencies. Therefore, if the British pound appreciates, it will make British goods more expensive for foreign buyers, thus making exports less attractive. On the other hand, imports into the UK will become less expensive, making them more attractive to UK buyers. Therefore, appreciation of the British pound will make Britain's exports more expensive and her imports less expensive.

Appreciation of the British Pound Will