Every now and then I feel the need to remind people that whenever you see a graph you should take a look at the axes (I'm thinking of the plural of axis here, not of axe - though it probably is wise to keep an eye on axes too). If you want to make some data look far more dramatic than it really is, it is possible to do this very easily by only using a small part of the available vertical axis.
Today, I noticed a graph published by the Spectator magazine. I have nothing against the Spectator - I don't always agree with its politics, but it is a good read. However, this particular graph was egregious in its axis mangling. The intent was to demonstrate the impact that the speech given by Rachel Reeves (UK chancellor at the time of writing) on 4 November had on the pound/dollar exchange rate. It looked like this:


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