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One could say that a change in the exchange rates, i.e. changes in the value of the pound does have a direct effect on manufacturing. I.e. a rise in the value of the pound would lead to UK manufactured products or goods to be expensive and thereby curtail the demand for UK manufactured goods to other cheaper available sources. (more…)

According to Ernst and Young (2002), the UK is the fourth largest economy in the world and a leading trading nation. Manufacturing is crucial to this position. They argue that the exchange rate is a barrier to profitable exporting (more…)