Respuesta :
To force the value of the British pound to depreciate against the dollar, the federal reserve should sell pounds for dollars on the currency exchange market, and the Bank of England should also do the same.
The Bank of England should swap pounds for dollars on the foreign exchange market.
If the price of GBP/USD increases from 1.2700 to 1.5000, the dollar's value is said to have decreased and the value of the pound to have increased since more dollars are needed to purchase the same amount of pounds. This is also known as a strengthening of the pound and a weakening of the dollar.
The foreign exchange market, often known as the currency market or the over-the-counter (OTC) market, is a global decentralised marketplace for trading currencies. The exchange rates for all currencies are set by this market. All elements of purchasing, selling, and exchanging currencies at the current or determined prices.
To learn more about foreign exchange market here
https://brainly.com/question/22999015
#SPJ4
