Question
In the second quarter of 2016, the British pound depreciated sharply against the U.S. dollar immediately following the outcome of the U.K. referendum to exit
In the second quarter of 2016, the British pound depreciated sharply against the U.S. dollar immediately following the outcome of the U.K. referendum to exit the European Union (nicknamed Brexit). This resulted in a 7.3% decline in the British poundU.S. dollar exchange rate over the second quarter. Why did the U.K. pound depreciate relative to the U.S. dollar?
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Finance And Economics Discussion Series The Evolution Of The Demand For Temporary Help Supply Employment In The United States
Authors: United States Federal Reserve Board, Marcello Estevao, Saul Lach
1st Edition
1288717881, 9781288717880
