Sterling exchange rate index
Monetary policy - UK - Bank of England.
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
- Bank of England
- Exchange rate
- Interest rate
- Monetary and Financial Conditions Index
- Monetary policy
- Monetary Policy Committee
- Unconventional monetary policy