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The best value of the pound depends on the context of the economy and individual circumstances. A high value can benefit consumers by making imports cheaper, but it may hurt exporters by making their goods more expensive for foreign buyers. Conversely, a low value can boost exports, making UK goods more competitive abroad, but can increase the cost of imports, leading to higher prices for consumers. Ultimately, the ideal value of the pound balances these factors based on current economic goals.

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1mo ago

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