1. Also helping the British currency is expectation that U.S. interest rates will stay steady in the next few months.
2. Because cocoa is priced in sterling, a decline in the British currency makes cocoa cheaper for overseas producers.
3. A fall in the value of the British currency makes sterling-priced cocoa cheaper for chocolate makers using other currencies.
4. A stronger British currency means companies get fewer pounds when they convert their dollar shares into sterling and makes exports more expensive abroad, cutting into sales.
5. A stronger British currency means dollars earned abroad translate into fewer pounds.
6. Crown would enter into a partnership with British currency printer Portals Group Plc, with this new provision to compete for the contract.
7. DeLaRue, a British currency paper manufacturer with offshoots in the United States, is reportedly pushing for the change.
8. Higher rates lure foreign investors to the bigger returns available on sterling-denominated deposits, boosting the British currency.
9. However, that also means FCIT will tend to do worse than U.K. equity funds if the U.K. market or the British currency are particularly strong.
10. Lower interest rates reduce the appeal of some investments in the U.K., weakening demand for the British currency.