Exporters want to pound to go down the tube

As a small business which "exports" most of its business (as the UK no longer invests in technical know how) I feel obliged to point out that a weak pound is exactly what we want. Roll on parity is all I can say. The Pound going down mean UK income going up. The fact that the Euro is also going down the tubes is how ever bad news. Fortunately most of the world prefers to do business in USD which at the moment is going up in value compared with Stirling.

Export or Die.

Low pound

"Small business owners in the UK blame currency movements for threatening their ability to export goods - or at least to export goods profitably."

If they could not export goods profitably with the GBP at record lows over the last few years, then they are doomed, regardless of what/how they hedge.

The company that paid for the research is in the FX business and can apparently offer the sort of currency management services promoted^H^H^H^H^H^H^Hdiscussed in the article. There's a surprise :-)