Richard Davies



Trade and exchange rates

trade, Brexit, UK, economics

Trade balance charts

Exchange rate

There have been two large depreciations in recent years, following the 2008 GFC and the 2016 referendum on EU membership. The chart below plots the sterling/dollar exchange rate, defined as pounds bought per dollar, so that a rise in the chart means a depreciation of sterling (i.e. one dollar buys you more pounds).

Trade in goods and services:

Trade in services