Sterling Underpinned by 2-month Ceasefire Extension
The British pound is underpinned ahead of the weekend by news the U.S. and Iran are set to agree an extended ceasefire, pending final approval from the U.S. President and senior Iranian leaders.
The British pound is underpinned ahead of the weekend by news the U.S. and Iran are set to agree an extended ceasefire, pending final approval from the U.S. President and senior Iranian leaders.
Seasonality and politics are against the pound.
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 British pound is underpinned ahead of the weekend by news the U.S. and Iran are set to agree an extended ceasefire, pending final approval from the U.S...
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