Currency exchange rates can change overnight.For example, the U.K. pound fell by more than 1% after the Bank of England cut interest rates last month, prompting a plunge in the value of the pound against the dollar.The U.N. has cut its forecast for global economic growth to 1% from 2.4%.The dollar is also losing value…
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How to spot the difference between an American and British pound – The Telegraph
UK dollars are worth less than $1,500 (AU$1,200) and sterling has fallen by more than half in value since the Brexit vote.But the currency’s recent slide has left it far more attractive to buy than a dollar in any other country.A new book on currency exchange rates by the Oxford University Centre for Monetary Studies…
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