October 21, 2019

Chart of the Week: Sterling returns to May levels

by Fathom Consulting.

Unsurprisingly, sterling’s recent value has been governed almost exclusively by Brexit-related news. The British currency jumps when an orderly Brexit looks more likely and drops when it looks like the UK will crash out without a deal. On Monday morning sterling passed the $1.30 barrier for the first time since May, having gone below $1.20 in early September. In less than two weeks, the currency has appreciated by over 5% as the government agreed a new deal with the EU on the UK’s terms of departure. Events in the House of Commons this week will probably determine how the currency fares in the short term.

Refresh the chart in your browser Edit chart in Datastream



Financial time series database which allows you to identify and examine trends, generate and test ideas and develop view points on the market.

Refinitiv offers the world’s most comprehensive historical database for numerical macroeconomic and cross-asset financial data which started in the 1950s and has grown into an indispensable resource for financial professionals. Find out more.

Article Keywords , ,

Get In Touch


We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.×