Sterling just hit a level it hasn't seen since the day of the Brexit referendum.
• The Bank of England's sterling effective exchange rate index reached about 86.5, its strongest since June 23, 2016
• Support cited: resilient UK data and expectations of a Bank of England rate hike, plus a softer US dollar
• Index base: 100 equals January 2005; it fell as low as 73.1 in March 2020
Why it matters: FX moves and rate expectations shift global liquidity, a key backdrop for crypto markets.
Source: BBC / The Guardian (BoE data)
Not financial advice.
💬 Does a stronger pound and weaker dollar matter for your crypto view?
#GBP #Forex #Macro
• The Bank of England's sterling effective exchange rate index reached about 86.5, its strongest since June 23, 2016
• Support cited: resilient UK data and expectations of a Bank of England rate hike, plus a softer US dollar
• Index base: 100 equals January 2005; it fell as low as 73.1 in March 2020
Why it matters: FX moves and rate expectations shift global liquidity, a key backdrop for crypto markets.
Source: BBC / The Guardian (BoE data)
Not financial advice.
💬 Does a stronger pound and weaker dollar matter for your crypto view?
#GBP #Forex #Macro