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EURGBP moves from 0 . 8 6 9 5 to 0 . 8 6 7 0 . Which of the below statements is correct? Select

EURGBP moves from 0.8695 to 0.8670. Which of the below statements is correct?
Select one:
GBP has depreciated vs. EUR
A speculator that bought EUR vs. GBP earlier has made a profit
A speculator that sold GBP vs. EUR earlier has made a profit
GBP has appreciated vs. EUR

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