Cryptocurrency Q&A
Why did the GBP to USD exchange rate fall 12%?
Why did the GBP to USD exchange rate fall 12%?
CryptoPioneer
Thu Jan 23 2025
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6
answers
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I'm curious to know why the exchange rate of GBP to USD suddenly dropped by 12%. What economic or political factors could have caused such a significant decrease in the value of GBP relative to USD?
6 answers
GliderPulse
Fri Jan 24 2025
They favored the perceived safety of the US Dollar amidst economic uncertainty.
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CryptoKnight
Fri Jan 24 2025
In March 2020, the GBP to USD exchange rate experienced a significant decline.
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GangnamGlamourQueen
Fri Jan 24 2025
The flight to safety led to a surge in demand for USD and a decrease in demand for GBP.
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Stefano
Fri Jan 24 2025
Within just two weeks, the rate fell by a staggering 12%.
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SeoulSerenity
Fri Jan 24 2025
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of investors. These include spot trading, futures trading, and a secure wallet for storing digital assets.
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