Economics class: Pound hits $1.40 for first time since 2018 as vaccine boosts UK outlook
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
Exchange Rates
Click to read the article below and then answer the questions:
Pound hits $1.40 for first time since 2018 as vaccine boosts UK outlook
Explain what is meant by the term exchange rate
With reference to the chart, compare the $:£ exchange rate over the time period shown
Identify and explain four factors that can affect the value of a currency
Using an exchange rate diagram, analyse the factors which have pushed Sterling to its highest level against the USD since 2018
Gavin Clarke, Emmanuel College
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