Fact about GBP and USD
Here are some interesting and amazing fact about GBP and USD
Basics of the GBP/USD (British Pound/U.S. Dollar) The value of the GBP/USD pair is quoted as 1 British pound per X U.S. dollars. For example, if the pair is trading at 1.50 it means that it takes 1.5 U.S. dollars to buy 1 British pound.
Why isn't the U.S. dollar worth more than the British pound? Generally speaking, when one country's currency is worth more than that of another, it does not necessarily indicate a stronger economy. ... A currency's purchasing power can also be used as an indicator of the relative worth of currencies
How does Brexit affect the pound? During the past two years, the pound has had a rough time of things when it comes to its price against the dollar and other currencies. ... While Britons living abroad but drawing a UK pension have suffered as the pound has declined.
Brexiteers now say a crashing pound after Brexit might not be “such a bad thing” ... Then, after clawing back some of the decline, forecasters now warn that the pound could lose up to 25% of its value if Britain crashes out of the EU by the March 29 deadline without any transitional arrangement in place.
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