In the diagram ${D_1}$ and ${S_1}$ are the initial supply and demand curves of the pound sterling (£) on the foreign exchange markets.
What will cause the demand curve to shift to ${D_2}$ and the supply curve to ${S_2}$?
1 )
a depreciation of the pound sterling
2 )
a decrease in UK interest rates
an increase in the price levels of other countries
4 )
an increase in the level of UK import tariffs
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