The table gives the value of the UK pound (£) relative to the US dollar ($) in June and September. June: $£1 = \$1.48$ September: $£1 = \$1.32$ What is the most likely short-run effect on the UK economy of this exchange rate change?
- Aan increase in the budget deficit
- Ban increase in the price of exports
- Can increase in the price of imports
- Dan increase in unemployment