- 86.50
BOE just reporting.
A country’s trade-weighted exchange rate is an average of its bilateral exchange rates, weighted by the amount of trade with each country. The base figure of 100 was created in 1990 and the Eurozone currently accounts for 49.3% of the GBP TWI
The heady heights are not going to please the powers that be but we can assume that the Old Lady has already been taking some smoothing steps/advantage to sell a bit of GBP given the the 50% increase in forex reserves since the current govt came to power.
GBP TWI 2010-15 April 2014
