British demand for french products

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Reference no: EM1375008

Assume there is a decrease in British (United Kingdom) demand for French products like cheese, wine, perfume etc., with all else remaining unchanged we expect

A. GBP to remain steady against EUR.
B. GBP to be volatile against EUR.
C. GBP to appreciate against EUR.
D. GBP to depreciate against EUR.

Reference no: EM1375008

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