The graphs illustrate how the exchange rates of £ sterling changed against the US$ and the euro. The exchange rate of sterling against the euro is shown using an inverted scale. Which statement is correct about the period from year 1 to year 3?
- 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 €.