Assume that the real interest rate becomes much higher in the U.K. relative to the U.S. This will place ____ pressure on the value of the British pound. Also, assume that inflation rates in the U.S. begin to rise relative to inflation rates in the U.K. The change in inflation will place ____ pressure on the value of the British pound. explain ?
upward; downward
upward; upward
downward; upward
downward; downward