The article reports a depreciation of the pound, the currency of the United Kingdom. “Trade data underlines fears that weak pound is raising costs for importers and not yet providing significant boost to exports.” With a depreciation, imports go on a decrease as it becomes more expensive to buy foreign currencies and products; exports on the other hand increase because it becomes easier and cheaper for foreign countries/investors to buy the currency of the UK. This is a supply issue– there is a depreciation because there is an increase in supply of the pound; investors are investing in foreign countries rather than the UK, depreciating the pound.
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