One of the reasons the dollar appreciated against the British pound during the 1970s and 1980s is that

Question

Quizplus · Accepted Answer

When a country experiences higher productivity growth, it becomes more efficient at producing goods and services, which can result in lower prices for consumers and increased competitiveness in international markets. This can lead to an appreciation of its currency relative to other currencies, such as the British pound, which may not be experiencing the same level of productivity growth. Therefore, the appreciation of the U.S. dollar against the British pound during the 1970s and 1980s can be attributed to U.S. productivity growth being greater than British productivity growth.

One of the Reasons the Dollar Appreciated Against the British