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ELI5:Why is the British Pound always more valuable than the U.S. ...


Mar 14, 2016 ... Because there are relatively few Pounds, they're hard to come by, so their rarity drives the price. That isn't the only factor that goes into pricing.


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How is the British pound stronger than the US dollar when there is ...


Same with UK and USA, USA is far more developed with a higher gdp but also ... If the US economy is stronger than the UK, why is the pound worth more than dollar? ... set to be just above that of the US dollar to make it appear valuable, but they ... It isn't; the dollar is currently trading close to its strongest level ever against  ...


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If the value of One Pound (the currency of the United Kingdom) is ...


Their currency unit and how much it is worth (e.g. One pound = $0.70). ... currency of the United Kingdom) is more than the value of One United States Dollar, ... So the US economy is bigger than the UK. ... Most cost of living surveys show that he UK is a few % more expensive than the US, so the average American get a bit ...


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ELI5: Why is the British pound (GBP) so strong against a lot of the ...


Apr 28, 2014 ... It didn't really matter that £1 was worth more than $1 as prices just ... Since currencies are no-longer linked to precious metals the pound still has a ... but people have 100x more YEN so it's a bit like if the dollar were ...... If you have a stable, strong economy behind you and leaders proven to be trustworthy ...


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I found an answer from en.wikipedia.org

Economic effects of Brexit - Wikipedia


The economic effects of Brexit were a major area of debate during the Referendum on UK ... Because the UK receives (per capita) less EU spending than other member ... reduced economic growth would cost the UK around £70 billion, more than .... the pound sterling fell to its lowest level against the US dollar since 1985, ...


For more information, see Economic effects of Brexit - Wikipedia

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Gold standard - Wikipedia


A gold standard is a monetary system in which the standard economic unit of account is based ... International trade came to depend on coins such as the Spanish dollar, the Maria ... In the 1790s, the United Kingdom suffered a silver shortage. ... Doing business with the American government required gold or silver coins.


For more information, see Gold standard - Wikipedia

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I found an answer from finance.yahoo.com

These Are the Richest Countries in the World


Nov 17, 2017 ... However, GDP growth for what are often the richest countries have changed ... According to the IMF, the U.S., which is home to more than 325 ...


For more information, see These Are the Richest Countries in the World