Question
On 9 March the value of GBP vs USD was 1.31 USD/GBP. 10 days later, on 19 March it plunged dramatically to 1.1437 USD/GBP. 11
- On 9 March the value of GBP vs USD was 1.31 USD/GBP. 10 days later, on 19 March it plunged dramatically to 1.1437 USD/GBP. 11 days later, on 30 March, GBP appreciated to 1.24. Please explain analytically the main reasons for these changes within one month.
2. Considering the COVID-19 pandemic and its effect on the economy and financial markets, in your view what will be the effect of this Pandemic on the value of EUR/USD exchange rate for the coming months (June 2020)? Please provide a range of quote based on your analysis.
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Answer 1 Explanation of the changes in GBPUSD exchange rate within one month The changes in the GBPUSD exchange rate during the given period can be attributed to several factors a On 9 March the GBPUS...
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
