The UK government deliberately devalued the pound a couple of times, we had the great depression significantly devalue the pound, and the 70s&80s were sustained periods of high inflation.
But then I look at US inflation
Bretton-Woods and some shenanigans with the UKs war debt devalued it significantly against the dollar multiple times.
The UK government deliberately devalued the pound a couple of times, we had the great depression significantly devalue the pound, and the 70s&80s were sustained periods of high inflation.
Bretton-Woods and some shenanigans with the UKs war debt devalued it significantly against the dollar multiple times.