n the second quarter of 2016, the British pound depreciated sharply against the U.S. dollar...
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n the second quarter of 2016, the British pound depreciated sharply against the U.S. dollar immediately following the outcome of the U.K. referendum to exit the European Union (nicknamed Brexit). This resulted in a 7.3% decline in the British poundU.S. dollar exchange rate over the second quarter. Why did the U.K. pound depreciate relative to the U.S. dollar?
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