From the past week: 1. US FED signaled a tighter monetary policy. 2. UK announced large tax cuts 3. UK pound started depreciating. Sterling slides towards historic lows against the dollar $ per E 20 10 1971 1980 1990 2000 2010 2020 Use the following link: Pound hits 37-year low against dollar on huge UK tax cut 'gamble" | Financial Times (ft.com) The article is also under Current News and Views. Use appropriate diagrams (draw and upload) to explain how you can interpret what happened in the UK given the tools we have discussed in class