The graphs show the changes in the exchange rates of the £ sterling against the US$ and against the euro. The exchange rate of sterling against the euro is shown by an inverted scale.
Which statement about the period year 1 to year 3 is correct?
1 )
The £ appreciated against the $ and the €.
2 )
The £ appreciated against the $ and depreciated against the €.
The £ depreciated against the $ and the €.
4 )
The £ depreciated against the $ and appreciated against the €.
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