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6th Oct 2022 14:29U.K., Daily Monitor

  • Sterling’s depreciation to date is too small to materially boost net trade or shrink the current account deficit.
  • Most exporters price in foreign currencies, due to their reliance on imports; competitiveness won't improve.
  • Britain’s demand for imports is price insensitive; firms won't invest in extra capacity to out-compete imports.

current account depreciation exporters imports net trade sterling trade

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Keywords for: 7 Oct 2022 UK Monitor

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