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 1.4% between December and January, following a fall of 2.0% between November and December. This is the SERI’s largest month on month increase since April 2018. Compared with the same period a year ago, it is 4.3% higher. It is 26.3% below its January 2007 peak level.
Read Full News Story » UK Economic Indicators January 2019