INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
The aim of this paper is to analyse the events that have taken place in the UK economy and the subsequent effect they have had on the Great British Pound (GBP), which is the oldest currency that we still have in use. In line with this, the first half of the paper reviews the existing knowledge with regard to exchange rates, exchange rate regimes and the myriad of factors that impact the value of a currency and an economy. The paper then particularly focuses on the various political, social, and economic events that have taken in the UK in the years; 2016 i.e. the year Brexit came into form, 2020 i.e. the year of the global pandemic and 2022 i.e. the year of three prime ministers. The impact that these events have had on the GBP and the subsequent effects on the stakeholders involved are thoroughly discussed in the paper. The aforementioned is facilitated by the use of appropriate economic theories and knowledge.
Keywords:
Exchange Rates, Great British Pound (GBP), Political Events
Cite Article:
"To what extent have macroeconomic events impacted the strength of the Great British Pound (GBP) in recent years and what is expected for its future?", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 8, page no.c46-c59, August-2023, Available :http://www.ijnrd.org/papers/IJNRD2308215.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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