3) Below is a price chart of the exchange rate between the British Pound and the...

 

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3) Below is a price chart of the exchange rate between the British Pound and the Euro. British Pound / Euro, 1IM, SAXO EUR 1.40000 1.35000 1.30000 1.25000 Man 1.20000 1.15019 9d Sh 1.10000 2012 2014 2016 2018 2020 2022 2024 2026 Source: Tradingview (Saxobank) (i) Describe how the British Pound fared against the Euro between 2016 and 2020 and highlight the potential reason(s) for this. [15 marks] (ii) What are the likely positive and negative implications to the businesses and the economy of the United Kingdom as a result of changes in the exchange rate between the British Pound and the Euro during this period? [15 marks] 3) Below is a price chart of the exchange rate between the British Pound and the Euro. British Pound / Euro, 1IM, SAXO EUR 1.40000 1.35000 1.30000 1.25000 Man 1.20000 1.15019 9d Sh 1.10000 2012 2014 2016 2018 2020 2022 2024 2026 Source: Tradingview (Saxobank) (i) Describe how the British Pound fared against the Euro between 2016 and 2020 and highlight the potential reason(s) for this. [15 marks] (ii) What are the likely positive and negative implications to the businesses and the economy of the United Kingdom as a result of changes in the exchange rate between the British Pound and the Euro during this period? [15 marks]

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1 In simple terms when one Countrys currency is worth over that of another Country it doesnt always imply that its economy is stronger than the latter for instance Japans economy is thought to be one ... View the full answer