Choose the statement that is incorrect.

A. During July and August​ 2014, it is most likely that the expectation was that the euro and the pound would neither appreciate nor depreciate against each other.
B. Everything else remaining the​ same, it is most likely that the U.K. interest rate differential with respect to the European interest rate remain unchanged during July and August 2014.
C. During July and August​ 2014, the​ pound-euro exchange rate remained relatively constant.
D. During July and August​ 2014, everything else remaining the​ same, it is most likely that the private sector balance and the government sector balance in the European Union and the United Kingdom were an equal proportion of the total economies.