💷🚧 GBP REER Index Flat Despite Dollar Strength: Cable FX Macro
- Rosbel Durán
- Sep 8, 2022
- 1 min read
**As seen in Macro Walk report 09/02/2022, subscribe at cablefxm.co.uk/reports
On Wednesday session, GBP/USD traded at the lowest level since 1985 as the cross tested levels below 1.1500. The YTD performance in GBP/USD spot is now tracking a decline of circa 15%, however, this is relatively large when compared to a fall of only 3.3% vs the euro
Despite the dollar strength seen in 2022, the BIS' GBP REER index is flat vs its 3-year history. Taking the same metric, the yen and the euro look more devalued than the pound. On the other side of the balance, the dollar tops the G10FX, followed by the CAD
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