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by misja111 3524 days ago
Meanwhile, in Switzerland, businesses are suffering because the Swiss Franc is too strong.

There are always two sides to a rising or falling currency. In the case of the weak Pound, it is good for exporting British companies and for tourism.

2 comments

I don't want to be too mean, but what exactly is Britain exporting? I imagine they're exporting services, especially financial ones. But what else? I honestly don't know.
I've been on a 10-day vacation this summer in Switzerland and while I was there I was always asking myself how do the Swiss export-oriented companies manage to stay afloat.
Exporting goods where price is less important once you have people convinced that they want your product: luxury goods, weapons, specialized high-tech devices, medicine (bunch pharma companies are swiss, I don't know how much they produce locally)