Pound plunges on U.K. vote to leave the European Union Britains vote to leave the European Union
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Pound plunges on U.K. vote to leave the European Union
Britain’s vote to leave the European Union lowered the pound from $1.50 to $1.32 in tumultuous hours of foreign exchange trading.
Did the vote to leave the European Union make the British pound appreciate of depreciate against the U.S. dollar? Which of the influences on demand and supply in the foreign exchange market most likely changed to bring this rapid and large change in the dollar-pound exchange rate?
Foreign Exchange MarketThe foreign exchange market (also known as forex, FX or the currency market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world. Participants are able to buy, sell, exchange and...
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The vote to leave the European Union made the British pound depreciate against the US doll...View the full answer
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