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Alja [10]
3 years ago
14

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

Business
1 answer:
Andreas93 [3]3 years ago
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.

</span>
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