WRONG the biggest drop is against the Euro and for Hornbys brands in Europe that means the when the profits are repatriated to the UK they buy more pounds and as dollar has collapsed against the Euro it means those products sold in Europe actually cost them less. So Hornby gets more profit per unit.
This should help them cope with the increased costs in the UK and lower sales.
Take a look at what's happening in Detroit for example lots of abandoned houses and factories. They don't look after there unemployed as well as us so they are in much deeper trouble than us.
Chris