Pound Sterling against Euro at 8 Year low
The article provides the details of the impact of the Pound Sterling depreciation against the Euro- Lowest in Eight Years- after the Brexit decision. The depreciating pressure on GBP(Pound Sterling) has built up following the fears that the International trade would get severely affected after the Brexit.
The topics covered are determinants of Exchange Rate, Effects of depreciation of currency on Inflation and Interest rates , Balance of payments and Economic Growth rates. Explain using the Exchange Rate diagrams.
Evaluation will include the short term and long term effects of depreciation on Inflation , Real Incomes , Current Account , Balance of payments , Exporters, Importers, Consumers, workers, domestic producers and Government.