If the british pound (₤) appreciates by 10% against the dollar:

1 answer:

4 0

The answer to this question is the US importer of British goods will tend to find that their cost of goods rises, hurting its bottom line<span>.
when the british pound is appreciated by 10%, it means that we need additional 10% to acquire a pound with our dollar currencies. In American traders' perspective, this will increase their overall cost that they need when doing transactions with british companies.

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