Two British stocks set to gain from the plunging Pound The pound has been on a downward path against the dollar for most of this year - and Chancellor Kwasi Kwarteng''s ''mini-budget'' has sparked a new plunge, leading the pound to fall to record low levels. The falling currency will lead to higher energy costs and higher prices for goods imported in UK - but exporters and internationally diverse companies are likely to benefit from this downfall. Multinational beverage company Diageo (GB:DGE) and tobacco manufacturer British American Tobacco (GB:BATS) are two companies that are in a position to benefit from the weaker pound. These companies report their numbers in pounds but generate the majority of their business outside the UK.