Independent Investor

Most people when they hear about the pound going down, as it has gone down sharply recently, will either think that exports will be cheaper or going abroad on holiday will be more expensive.  Of course it also means something more fundamental.  A falling currency means that every citizen of that country is losing money.  It is the equivalent of lowering your wage when the business is in trouble, it may be better than any of the alternatives but it is nothing to celebrate …

Most small businesses, if they are successful and are not tied to their local area come to a point when they think about providing goods or services to a larger client.  Or they may come to a point where they can think about buying in a good or service at a really cheap price from abroad.  The only problems are currency fluctuations.
A sharp move in currencies may not only wipe out the advantages of trading with another country, but they may make it into a …