Exchange rates: Data on the value of the pound relative to other major international currencies.Jump to full report >>
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 rose by 2.0% in May 2016. Compared with the same period a year ago, it is 5.2% lower. It is currently 12.1% above its March 2009 level, when it was at its lowest point since the series began in 1980. It is 18.0% below its pre-recession peak in July 2007.
On average in May, the pound was up 1.8% against the dollar compared to April. At the 2 June market close, the pound stood at $1.45.
Sterling was up 1.4% against the euro in May compared to April. At the 2 June market close, the pound stood at €1.30.
Commons Briefing papers SN02811
Author: Matthew Ward