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Who was hit hard by the increased value of the pound?

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User Morvader
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Final answer:

The increased value of the pound can hit British exporters hard as it makes their goods more expensive and less competitive in the foreign market.

Step-by-step explanation:

The person or group who would be hit hard by the increased value of the pound is the British exporter. When the pound rises in value, it means that exporting goods from the UK becomes more expensive for foreign buyers. This can lead to a decrease in demand for British exports and ultimately affect the profits of the exporting firms. For example, if the pound rises to $2.00 per pound, it means that the foreign currency buys fewer pounds, making UK exports more expensive and less competitive in the foreign market.

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User Harsukh Makwana
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