Explained in plain English
What's a 'strong' pound?
When the pound is strong, it buys more foreign currency. This makes imports cheaper, like fuel or goods from abroad, which can help keep prices down in the shops. However, it also makes UK exports more expensive for other countries to buy, which can be tricky for British businesses selling overseas.
Stories that explain this
Pound holds near one-month high, but new data could shift ratesThis explainer came from a news story
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