Exchange rates: Data on the value of the pound relative to other major international currencies.

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The Sterling Exchange Rate Index (SERI) measures sterling’s value against a ‘basket’ of currencies, ‘trade‑weighted’ (based on currencies’ relative importance in UK trade).

The SERI was flat (-0.0%) between June and July following a fall of 0.3% between May and June. Compared with the same period a year ago, it is 1.2% higher. It is 27.0% below its January 2007 peak level.

On average in July compared with June, the pound rose by 1.3% against the dollar, following a rise of 1.8% between May and June. The pound fell sharply against the dollar following the EU referendum, from $1.48 on 23 June 2016 to $1.14 in June 2017 – a 31 year low. In 2018, the value of the pound against the dollar reached as high as $1.43 in mid-April (the highest since the EU referendum) though its highest rate in 2019 was $1.33. Recently, the value of the pound has fallen, reaching $1.15 on 23 March, its lowest since June 2017.

Sterling was down 0.6% against the Euro on average in July compared to June, following a fall of 1.3% between May and June. On 25 March, the pound was valued at €1.07, its lowest value against the Euro since March 2009.

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