The graphs illustrate how the exchange rate of the £ sterling varied against the US $ and against the Euro from 1998 to 2003. Which statement is incorrect?
- ABetween 1998 and 2001 the £ sterling depreciated against the US $.
- BBetween 1998 and 2001 the £ sterling appreciated against the Euro.
- CBetween 1998 and 2001 the Euro depreciated against the US $.
- DBetween 2001 and 2003 the US $ appreciated against the Euro.