According to a February 2019 Wall Street Journal article, the euro and the British pound gained against the US dollar. Which of the following could best explain this change in the value of the euro and pound?

Group of answer choices

Investors expect inflation to increase in the UK.

None of the other answers are correct.

The Federal Reserve went beyond investors expectations in lowering relative real US interest rates.

The Federal Reserve went beyond investors expectations in raising relative real US interest rates.

The ECB signaled a willingness to extend its quantitative easing (interest rate reducing) program.