If interest rates in the UK where higher than in the US and Europe what would you expect to happen to the Pound relative to the Dollar or Euro? Why?

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter36: Exchange Rates And Financial Links Between Countries
Section: Chapter Questions
Problem 18E
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 If interest rates in the UK where higher than in the US and Europe what would you expect to happen to the Pound relative to the Dollar or Euro? Why? 

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