Pound Sterling Softer on Latest Iran Setback, but Dip to be Shallow
Pound sterling is softer against the euro and dollar on Thursday as technical headwinds weigh and a deterioration in the Strait of Hormuz weighs on investor sentiment.
Pound sterling is softer against the euro and dollar on Thursday as technical headwinds weigh and a deterioration in the Strait of Hormuz weighs on investor sentiment.
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.
Pound sterling is softer against the euro and dollar on Thursday as technical headwinds weigh and a deterioration in the Strait of Hormuz weighs on investo...
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