A Sterling Request
A request to the Statistical Ambassadors sought to understand whether the British currency had fallen to an historical low.
At the moment of writing (about 5pm on 9th August), the verdict was unclear.
Breaking the Bank
The Bank of England publishes an index of the currency’s effective exchange rate. This rate is not ‘official’, and no more authoritative than those of commercial banks. According to the Bank’s notes on spot exchange rates:
The data represent indicative middle market (mean of spot buying and…