I can't see how the GBP value is relevant to a UK manufacturer unless most of the content is bought from abroad, which doesn't seem to be the case with Michell. It probably gets them into line with their peers, who may have crept up a few percent each year and with each tweak.
I'd expect Project to go up for this reason, but only once the prudent importer's currency hedging has lapsed.
I'd agree. You get what you pay for. They were always cheap taking all into account. Brings them in line somehow to the likes of Origin Live and the ever overpriced Linnn LP12.