Question 5 You are asked for advice on what currency to investment given current news/speculation. The currencies being considered are the Pound Sterling, the Euro and the Philippine peso. When conducting your research on news/speculation related to these currencies you come across some particularly insightful articles that have the following headlines: There is a significant lack of business confidence in UK due to uncertainty with trade relationships and legislation; The Federal Reserve in the USA is considering limiting money supply due to concerns with inflation; Favourable business conditions increase Foreign Direct Investment interest in the Philippines. Using your knowledge of exchange rates illustrate the changes the above head are likely to have on the noted currencies using relevant diagrams. Make recommendations on which currencies should be sold and which should be purchased given your analysis. (N.B. please use the information provided in this question to address your answer not current data on the related exchange rates). (15 marks)