The Pound ‘falls in value’ - what does this mean for firms?

The value of the pound - or the exchange rate - is back in the news. It looks as though enough international investors have sold £££s that its value has fallen quite sharply. Here are some reminders of what this means, and some helpful reading links.

Those of you who travel overseas may find that goods and services brought abroad are now more pricey - you might want to check out the winners and losers of holiday destinations from the falling pound in the Telegraph. Of course, what's true for holiday makers is equally true for UK business, who now potentially face higher import costs.

The mechanics of exchange rate changes are covered in an earlier blog Economic environment: Exchange Rates

Students who want to dig even deeper might also like access to a set of resources on this topic that I've put together here.