Keywords
Fluctuations
UK Pound
Pound Sterling
US Dollar
GDP
CPI
Inflation
GBP
How to Cite
Abstract
The pound sterling is one of the most popular currencies traded on the foreign exchange (forex) market (GBP). The oldest currency still regularly traded on the Forex market is the pound sterling, which serves as the country’s official unit of account. One further thing that makes London attractive is the fact that it is one of the greatest Forex centers in the world. The paper aims at studying the impact of exchange rate fluctuations on UK exports, and the rising cost of living in the UK. The paper also depicts Fluctuations in Currency and their effect on Trade in the UK under which the paper focused on the export/import market of the UK, the effects of a weak pound on investment, Effects on GDP/Economic Growth, Price and inflation, Monetary Policy, the Balance of Payments. To achieve the stated aim, data has been taken from secondary sources, and the study is based on descriptive in nature. Therefore, the study shows that there are fluctuations in different money supplies and the cost of living is rising.
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