Fair Exchange?
Analysis
00:00
The Impact of the Weak Sterling on UK Business
For exporters, the weaker sterling provided for some of them it provided a boost. It meant that their goods essentially became cheaper in France and in Germany. So they became what economists call more competitive. And we did actually see some of that through our surveys of the manufacturing sector. But I think the second impact we really saw here in the UK is that actually it meant we saw higher inflation particularly for consumers.
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