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Value of the british pound

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Question

The GBPUSD exchange rate was $1.4500 per pound in August of 2021. The GBPUSD exchange rate today is $1.2500 per pound. In the past 12 months, has the value of the British pound (relative to the U.S. dollar) increased in value, decreased in value, or remained the same?

Reference no: EM133227687

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