In the month after the United Kingdoms referendum exit the European Union (June 23, 2016), the pound depreciated relative to the dollar from about $1.44/Pound to about $1.25/Pound (see the chart). You can Google Brexit Referendum. Over the next two years the U.K. will be in negotiations with the European Union (EU) for access to EU countries for exporting goods to those countries. Assume the EU drives a hard bargain so that the U.K. is no longer able to sell nearly as much of its goods to EU countries.

A_) What percentage of the U.K.s exports have historically been sold to countries in the EU?

B_) What percentage of the U.K.s exports have historically been sold to the rest of the world?

C_) What will happen to the strength of the pound if the EU drives a hard bargain? Why?

D_) What will happen to the U.K.s exports to the USA and other non EU countries? Why?

1.48 1.43 1.38 1.33 1.28 1.23 1.18 US Dollar per British Pound ($USDGBP)- Rate Value No No No No No No No No No No No No No No No No M M M A M M M US Dollar per British Pound... 1.48 1.43 1.38 1.33 1.28 1.23 1.18 US Dollar per British Pound ($USDGBP)- Rate Value No No No No No No No No No No No No No No No No M M M A M M M US Dollar per British Pound