As the number of British pounds that exchange for a dollar rises on foreign currency markets:

Question

Quizplus · Accepted Answer

When the number of British pounds that exchange for a dollar rises, it means the pound is weakening relative to the dollar. This makes U.S. goods more expensive in the UK, reducing British imports from the U.S. (A), and simultaneously makes British goods cheaper for Americans, encouraging exports to the U.S. (B). Both effects lead to (C), where U.S. goods appear more expensive in British stores.

As the Number of British Pounds That Exchange for a Dollar