1. The Rise and Fall of the British pound
Hau period Proposed referendum on United Kingdom membership of the European Union, may not be comprehensive crisis for the British pound, but to assert that, in the short term, this money can not recover. Even in the morning 24/6, one day after claiming the British people do not want to stay in the EU, the price of the pound has evaporated 10%. This speed reduction is recognized only four times in history since 1900, which is on the 1931, 1940, 1949 and 1967. Two of the 4 this time due to the government's decision, while the remaining 2 times freedom governed by the market.
Only two weeks after the referendum in the UK on 23/6, the pound has depreciated a lot against the dollar, trading currently popular at first, 28 USD for 1 pound (GBP). This record low rate of the pound against the greenback just appear a single time in history and lasted until 2 years, in 1980. At that time, most of the European currencies declined against the dollar, and the situation improved after 1985 when the US economy and key personnel in Europe agreement in Plaza (Plaza Accord), is committed to support the currency through exchange market intervention exchange.
over the past 2 decades, the commercial wars almost no chance of happening due to the regulatory playing field on the WTO (World Trade Organization), which states bound by trade commitments. Besides, the intervention of the International Monetary Fund (IMF) also helped the forex market become more stable despite the economic crisis and the Great Depression.
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