BBCNEWS Financial Turmoil June 4, 2024 11:49:00
“ woes. investors have been sterling selling at such a fast clip that the pound has hit a record low against the us dollar. why does that matter? most international trade is done in us dollars. any fluctuation of one currency against the american greenback can have a massive impact on the finances of a company. take coffee, for example. coffee beans are one of the most traded commodities in the world. most coffee contracts are in dollars and that means if you are a coffee roaster or seller in the uk, your costs will likely go up pretty dramatically if there is a collapse in the value of the ...