Question: Everything else equal, will a sudden decrease of the British pound interest rate relative to the US$ interest rate cause an instantaneous pound appreciation or

Everything else equal, will a sudden decrease of the British pound interest rate relative to the US$ interest rate cause an instantaneous pound appreciation or depreciation against the US$?

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Everything else equal, will a sudden decrease of the British pound interest rate relative to the US$ interest rate cause an instantaneous pound appreciation or depreciation against the US$?

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