On June 23, 2016, the United Kingdom voted on whether to remain or leave the European Union.
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On June 23, 2016, the United Kingdom voted on whether to remain or leave the European Union. From June 16 to June 23 the exchange rate between the British pound and the dollar increased from 1.4075 US/GBP to 1.4800 US/GBP (Source: FRED database). What can you say about the market expectations regarding the result of the referendum and its impact on the UK economy?
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The increase in the exchange rate of the British pound GBP against the US dollar USD from 14075 to 1...View the full answer
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Diksha Bhasin
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Related Book For 
Financial Markets And Institutions
ISBN: 9781292215006
9th Global Edition
Authors: Stanley Eakins Frederic Mishkin
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