appreciation

• What does appreciation mean?

  That there is a rise in the pound against other currencies
• When the pound can buy more foreign currency , what may it also be called?

  A high value or strong value of the pound
• What does strong pound mean?

  Imports will be cheaper and exports will be clearer
• Two positive effects of having a strong pound?

  Strong imports will make competition weaker

  Imports will go further and be cheaper