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What do these economic statements mean in basic simplified terms?
Since parts of manufacturing industry are most heavily affected by the appreciation of the currency,
regional income and employment differences are likely to become greater.
an appreciation of sterling may have a bad effect:
larger firms cut the sterling level of their export prices, hence maintaining sales at the expense of profit margins.
Firms increase productivity to lower costs high growth in the UK coincides with a depreciating currency low or negative growth has coincided with an appreciating currency.
Strong currency value will not slow down UK growth
Since parts of the manufacturing industry are most affected when the currency increases in value,
money going into the region and wage disparity are likely to become greater.
an increase in the value of sterling may have a bad effect:
larger producers reduce the price in sterling of their products, in order to keep selling, though they don't make as much money for each one sold
Producers start making more to reduce the cost of each unit they make. Growth of the economy in the UK coincides with a devaluing currency, lack of growth coincides with the currency's value increasing.
Strong currency value will not slow down the UK's economic growth.
I hope that helped...