UK doesn't export anything. Companies listed here are all multinational. sterling's impact on them is near zero.
'If you want a strong pound, it has to be for the right reasons'
The current strong pound is starting to bite into the profits of corporate Britain. Aircraft-engine maker Rolls-Royce, defence group BAE Systems, and contract caterer Compass were among the heavyweights who lined up last week to say that adverse currency movements were wiping millions off their balance sheets. Over the past year, sterling has risen 10% against a basket of currencies: it gained more than 10% against the euro, and 11% against the dollar. As a consequence, London-listed companies with divisions in Europe and the US are taking a hit when they translate their foreign earnings back into pounds. Adverse ... (full story)