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What was the us dollar to british pound exchange rate

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Question - In today's lesson, we discussed factors that impact Foreign Currency Exchange Rates. Please conduct research on changes in the US Dollar to British Pound (USD/GBP) exchange rate over the last year. Based on your research answer the following questions:

1. What was the US Dollar to British Pound (USD/GBP) exchange rate one year ago (May 2021)?

2. What is the US Dollar to British Pound (USD/GBP) exchange rate today?

3. Has the US Dollar strengthened or weakened over the last year relative to the British Pound? Based on your research, explain why this has occurred? (economic factors, world events, government action, etc)

Reference no: EM133185556

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