Some see the Fed’s stimulus measures as a debasement of the currencyIt’s a talking point, not just for central bankers and City traders, but for even the smallest businesses, not to mention British holidaymakers daring to contemplate a winter break in Florida. The slide in the US dollar of the past few months affects everyone, for good or ill.“It’s not been a disaster yet, but if it carries on in this direction, it will significantly impact our business,” Chris Walker, chief executive of Diamond Hard Surfaces, says. His business in Towcester, Northamptonshire, puts a special coating on drill bits, helicopter parts, seals and other components, making them more durable. Between 60 and 80 per cent of his £500,000 turnover comes from exports, including to the US, Australia and Singapore and his preferred currency is the

Source: The Times August 26, 2020 15:56 UTC