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US Dollar to British Pound vs US Military Expenditure

US Dollar to British Pound and US Military Expenditure correlate at r = -0.55 over 26 years (1999–2024), p = 0.0037. With the time trend removed, r = -0.63. Holds up after detrending.

Verdict: Holds up after detrending. Statistically significant (p = 0.0037) and the association survives trend removal (detrended r = -0.63). Correlation still isn't causation, but this one isn't an obvious artifact.

Pearson r
-0.55
p-value
0.0037
Years compared (n)
26 (1999–2024)
95% confidence interval
-0.77 to -0.20
Correlation with the time trend removed
-0.63

Sources

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Correlation does not imply causation. How the verdict is worked out.