House of Commons Library

Exchange rates: Key Economic Indicators

Published Friday, June 3, 2016

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

Topics: Economic policy, Economic situation, World economy

Share this page

Stay up to date

  • Subscribe to RSS feed Subscribe to Email alerts Commons Briefing papers

House of Commons Library

The House of Commons Library provides research, analysis and information services for MPs and their staff.