The graphs illustrate how the exchange rates of the £ sterling against the US$ and against the euro change. The exchange rate of sterling against the euro is represented using an inverted scale. Which statement about the period from year 1 to year 3 is correct?
- Athe £ appreciated against the $ and the €
- Bthe £ appreciated against the $ and depreciated against the €
- Cthe £ depreciated against the $ and the €
- Dthe £ depreciated against the $ and appreciated against the €