Required to analyse the UK airline market (this market covers all airlines flying from and to the U.K.) and should answer the questions below
(a) On a chart, show what has happened to the UK pound (sterling) against the Euro between the 1st June 2016 and the 1st June 2018. Using economic theory (a diagram) explain the reasons for any significant changes in the sterling exchange rate.
(b) Explain the impact of this change in the value of sterling against the Euro on a UK airline carrier which travels to European destinations and their tickets are priced in euros.
