Sterling exchange rate index: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages, Bank of England https://www.bankofengland.co.uk/statistics/sterling-exchange-rate-index) |
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Latest revision as of 22:57, 12 June 2020
Monetary policy - UK - Bank of England.
(ERI).
The sterling (GBP) exchange rate index is a measure of the overall change in the trade-weighted exchange value of sterling, calculated by weighting together bilateral exchange rates.
It is designed to measure changes in the price competitiveness of the UK's traded goods and services, and so the weights reflect trade flows in manufactured goods and services.
Bank of England: Annual reweighting of the sterling exchange rate index
See also
- Bank of England
- Bilateral
- Exchange rate
- GBP
- Interest rate
- Monetary and Financial Conditions Index
- Monetary policy
- Monetary Policy Committee
- Sterling
- Unconventional monetary policy
External link
Bank of England: Annual reweighting of the sterling exchange rate index
