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]