Articles:

What Are The Advantages of A Strong and Weak Pound?

Wed 23rd May 2012

By Peter Lavelle

Here are the advantages of a strong and weak pound.

Advantages when the pound is strong

1. You receive a higher total when you buy foreign currencies.

2. Foreign homes become cheaper for you, because the pound is worth more.

3. Foreign holidays become cheaper for you, because the pound is worth more.

Advantages when the pound is weak

1. You export more if you run a business, because UK goods are cheaper.

2. You get more pounds when you repatriate money to the UK.

Keep up to date

To find out when the pound is strong or weak, sign-up to our free newsletter, or follow us on Facebook and Twitter.

We’ll let you know the best exchange rate becomes available.

Receive Free Expert Insight

To learn where the exchange rate may go next, sign up to our free monthly newsletter. We'll keep you ahead with our expert insight.

We promise never to spam you, nor pass your details onto a third party without your consent. For more about our privacy policy, please click here.

Follow us on Facebook
Follow us on Twitter