The Fall of the Pound Is Good News for the United Kingdom

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Wednesday, 27 February 2013 05:37

At least it is for those who want to see its economy grow. In a context where the government is cutting back spending in an already depressed economy, the boost in net exports that would be expected to be the result of a lower valued currency is pretty much the only plausible source for an increase in demand. It would have been useful to mention this fact in an article that implied the fall in the pound is bad news for the UK.