Pound Hits a "Purple Patch"
The pound is enjoying a purple patch, helped by elevated UK yields, fading political risk and tentative signs the labour market is steadying.
The pound is enjoying a purple patch, helped by elevated UK yields, fading political risk and tentative signs the labour market is steadying.
"Burnhamโs clear preference for an expansionary fiscal stance, higher taxation and larger gilt issuance present a downside risk to markets"
More →Official daily exchange rates from 1971 to today: Bank of England, ECB and interbank sources.
Bank of England trade-weighted sterling effective exchange rate index (Jan 2005 = 100)
A reading above 100 means the currency is expensive relative to its long-run historical average. Below 100 means it is undervalued.
The pound is enjoying a purple patch, helped by elevated UK yields, fading political risk and tentative signs the labour market is steadying.
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