A United Kingdom artisan chocolate manufacturer imports premium packaging machinery from Germany, paying in Euros (EUR\text{EUR}EUR), and exports its high-end finished confectionery to retailers in Japan, receiving payment in Japanese Yen (JPY\text{JPY}JPY).
It follows from the above that, other things being equal, the UK manufacturer will benefit most when the British Pound (GBP\text{GBP}GBP) is
weak against the Euro, strong against the Japanese Yen.
strong against the Euro, strong against the Japanese Yen.
strong against the Euro, weak against the Japanese Yen.
weak against the Euro, weak against the Japanese Yen.
