Pound Sterling Charges Onwards Following Hot Inflation Print
A second upside data surprise confirms a November hike, but the pound's muted reaction shows the good news is priced.
A second upside data surprise confirms a November hike, but the pound's muted reaction shows the good news is priced.
The consensus is ripe to be challenged.
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21 October 2026Official 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.
A second upside data surprise confirms a November hike, but the pound's muted reaction shows the good news is priced.
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