YES! CHEAPER BOOKS THEN!! ... Sorry. Evrywhere it seems that they are caught in an economical crisis anyway, that is what happens. Inflation is hard on the countries, but they will eventually get pass it.
The more the pounds value goes down the less money everyone will have. A really bad thing in my eyes.
It doesn't quite work like that. The pound went down due to the rate cuts. This is to lessen the incentive for people wanting to put their money in banks. If people spend their disposable income this should halt inflation.
Thre are still pros to this, it makes it easier to trade with other countries as it brings us down to their level, it does decrease the amount of foreign investment, but we dont want to be importing too much right now anyway.
yes it probably will one country's economy effects everyone elses America (and many other countries) currency are falling. I hope it doesnt happen to the UK but it probably will.
The current economic climate means the application of conventional economics will not work here. The devaluation of the pound at a time when there is a higher tax on imports raises the production costs of some businesses. Combine that with the fact that the lack of credit more than negates the increased competetiveness as a result of devaluation and you end up with the UK trade deficit being adversely affected contrary to what should normally happen.
