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Can I get detailed explanation with answers? In June 2016 a referendum in Britain to leave the European Union unexpectedly passed. The next day, the

Can I get detailed explanation with answers?

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In June 2016 a referendum in Britain to leave the European Union unexpectedly passed. The next day, the pound depreciated from $1 ,45 to $1.30. There was no change in interest rates in the US or the UK. What could explain this depreciation of the pound when interest rates did not change? Use a diagram of the FX market in your answer, with the UK as the domestic country, and label the axes correctly

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