Exchange rates: Key Economic Indicators

Published Tuesday, November 3, 2015

Exchange rates: Data on the value of the pound relative to other major international currencies.

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The Sterling Exchange Rate Index (SERI) measures sterling’s value against a ‘basket’ of currencies, ‘trade‑weighted’ (based on currencies’ relative importance in UK trade).

The SERI fell by 0.3% in October 2015. Compared with the same period a year ago, it is 4.9% higher. It is currently 18.6% above its March 2009 level, when it was at its lowest point since the series began in 1980. It is 13.2% below its pre-recession peak in July 2007.

Chart: Sterling Exchange Rate (SERI)

On average in October, the pound was up 0.1% against the dollar compared to September. At the 2 November market close, the pound stood at $1.54.

Sterling was down 0.1% against the Euro in October compared to September. At the 2 November market close the pound stood at €1.39. This compares with an all‑time low of €1.02 (on 30 December 2008), and a launch rate of €1.48 on 31 December 1998.

Commons Briefing papers SN02811

Author: Matthew Ward

Topics: Economic policy, Economic situation, World economy

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