2.5.1 Economic influences

Question 1

The effects of exchange rates changes (STRONG POUND)

Answer 1

1. £1 =€2
2. Good for brits travelling abroad
3. Bad for business exporting expensive
4. Good for business importing E.G.Matalan

Question 2

The effects of exchange rates changes (WEAK POUND)

Answer 2

1. £1 = €1
2. Good for foreign tourists
3. Good for business exports cheaper E.G.Land Rover
4. Bad for Business importing - Dearer