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It's remarkable how over this time frame how inflation in the UK and the USA has been so similar.

Both approx +110%

Yet over that time UK GDP per capita is up only 46% compared to the US which is up a massive +223%. Depressing.

They don't say that the currencies are pegged, but I'm pretty sure they're defacto pegged. Same deal with the Euro.

They don't call USD the global reserve currency for nothing.

I went back to get an Econ masters and studied international currencies. Some exchange rates are very stable over time and we don’t know why.