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Sunday 14 August 2016

UK Pound

At the moment, the UK pound seems to have stabilised since we voted to leave the EU. The value (about 10% lower) should work in favour of exporters, although less so if their raw materials are imported.

Imports become more expensive.  Does this mean we will buy more UK food like UK bacon? At the moment we import far more than we need.

See http://www.bbc.co.uk/news/business/market_data/currency/default.stm .

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