GBP Currency Index
The Gwendra Analytics GBP Currency Index
This index provides an indication of the relative strength of Sterling compared to a basket of six other currencies comprising the Japanese Yen, the Euro, the Hong Kong Dollar, the Canadian Dollar, the US Dollar and the Swiss Franc. You can compare the index to the underlying individual currency rates by clicking the buttons in the top left of the diagram.
NOTE: The Sterling - Euro exchange rate is conventionally expressed in terms of Euros. This is flipped in the diagram as its really annoying when its the reverse of all the other pairs.
The index is the weighted geometric mean of the individual rates. Weightings are taken from the Bank of International Settlements Effective Exchange Rates and reflect macroeconomic effects. They provide a sound basis for accommodating the relative importance of the rates within the basket.