Bloomberg British Pound Spot Index Fact Sheet

June 28, 2024

Bloomberg British Pound Spot Index (POUND)Overview
The Bloomberg British Pound Spot Index (POUND) tracks the performance of a basket of leading global currencies versus the British
Pound Sterling. This document intends to provide an indicative summary of the index. Please see here for the full methodology.
The index represents currencies that have the highest liquidity in the currency markets and the biggest trade flows with the United
Kingdom of Great Britain. The annually updated composition and diversified representation of currencies aims to provide a global
measure of the British Pound Sterling.

Index Summary
Rebalancing

Annual. The Index rebalances once a year on the last business day of June.

Allocation

Trade (50%) – International Monetary Fund (IMF) Direction of Trade Statistics versus the United Kingdom.
Liquidity (50%) – Bank for International Settlements (BIS) Triennial Central Bank Survey of Foreign exchange turnover.

ConstituentsIndex constituents are a set of top currencies based on trading and liquidity. The weightings of index constituentsare a function of both trading and liquidity. (see Fig. 1 below).

StructureThe index is long British Pound Sterling and short the counter currencies.

Exclusions

Currencies pegged to the British Pound Sterling.
Currencies with weights of less than 2%.

Exceptions

Offshore Chinese Renminbi (CNH) has its exposure capped to 3%.

Notable changes in the 2024 Rebalance•

The EUR overtook the USD increasing by +3.46% to become the largest weight at 40.81%.

•USD, NOK, CHF, JPY, AUD, and CAD all had their weights decreased, the largest being JPY at -4.04%.

•CNH and HKD increased by +2.95% and +2.83% respectively.

•HKD was a new inclusion this year and weight gain changes was from 0 to +2.83%.

Composition

Effective after the close of June 28, 2024, see Fig.1 below.

Currency

2024 Weight2023 Weight

Difference

Euro

EUR

40.81%

37.35%+3.46%

United States Dollar

USD

36.64%

39.28%-2.64%

Offshore Chinese Renminbi

CNH

6.38%

3.43%

+2.95%

Norwegian Krone

NOK

3.00%

3.99%

-0.99%

Hong Kong Dollar*

HKD

2.83%*

0.00%+2.83%

Swiss Franc

CHF

2.80%

3.43%

-0.63%

Japanese Yen

JPY

2.77%

6.81%

-4.04%

Australian Dollar

AUD

2.54%

2.63%

-0.09%

Canadian Dollar
Fig. 1CAD

2.22%

3.50%

-1.28%*HKD new inclusion in 2024

Bloomberg British Pound Spot Index (POUND)

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Bloomberg British Pound Spot Index Fact Sheet

June 28, 2024

Historical Performance Effective after the close of June 28, 2024.
•

The POUND has returned +1.78% year to date.

•Year to date, the Japanese Yen (JPY) underperformed the most against the British pound sterling (GBP) at -11.74%.

Annual Returns POUND (by Month)
JanFebMar

AprMayJunJulAug

SepOctNovDec

AnnualReturn2005+0.31%+1.24%-0.36%+1.18%-2.25%-0.44%-1.85%+1.39%-0.78%+0.77%-1.22%-0.81%-2.84%

2006+1.72%-0.53%-1.48%+2.17%+1.55%-0.84%+1.05%+2.04%-1.04%+1.40%+0.95%+0.15%+7.27%

2007+1.08%-1.07%-0.43%+0.43%-0.21%+1.07%+0.39%-0.81%-1.53%+0.73%-1.64%-3.47%-5.42%

2008-1.25%-1.65%-2.33%+0.84%-0.22%+0.02%+0.15%-4.78%-0.29%-4.79%-4.20%

10.50%-25.89%2009+3.39%-0.10%-2.55%+2.69%+4.78%+2.41%-0.04%-3.08%-3.44%+2.32%-1.23%+0.98%+5.88%

2010+0.27%-4.04%-0.12%+1.45%-1.07%+2.48%+1.29%-1.13%-1.55%+0.70%+0.58%-2.02%-3.30%

2011+1.77%+0.73%-2.53%+1.25%-0.11%-2.97%+1.99%-1.00%+0.20%+0.98%-0.85%+0.69%-0.00%

2012+0.57%+0.30%+0.81%+1.47%-1.52%+0.34%+1.13%+0.08%+0.56%-0.28%-0.72%+1.06%+3.83%

2013-3.34%-2.30%+1.01%+1.11%-0.92%+0.19%-1.28%+2.41%+2.97%-1.16%+2.63%+0.71%+1.82%

2014+0.17%+0.49%-0.33%+0.83%+0.03%+1.76%-0.02%-0.85%+0.28%-0.70%-1.25%+1.39%+1.77%

2015-0.65%+3.12%-2.03%+0.91%+1.03%+1.96%+0.61%-2.60%-1.26%+2.53%-0.25%-3.44%-0.29%

2016-2.99%-3.38%+0.55%+0.85%+1.10%-9.53%-1.23%-0.47%-1.89%-4.32%+4.73%-0.96%-16.79%2017+0.10%-0.57%+0.56%+2.56%-2.07%+0.19%-0.62%-2.34%+4.18%+0.05%+0.74%-0.77%+1.86%

2018+2.85%-2.23%+1.54%-0.64%-2.19%-0.31%-0.50%-0.91%+0.62%-0.69%-0.36%-0.70%-3.58%

2019+2.52%+1.65%-1.32%+0.29%-3.01%-0.65%-2.88%+0.34%+1.50%+4.08%+0.58%+1.07%+4.00%

2020+0.40%-2.64%-2.88%+1.34%-2.70%-0.43%+3.06%+1.23%-2.62%+0.53%+1.50%+1.05%-2.36%

2021+0.59%+2.11%+0.57%-1.26%+1.98%-0.98%+0.37%-0.81%-1.12%+1.44%-1.83%+1.58%+2.54%

2022+0.15%+0.28%-2.04%-1.78%-1.13%-2.37%+0.73%-3.37%-2.10%+2.39%+1.62%-1.37%-8.78%

2023+1.07%-0.59%+1.20%+1.39%+0.62%+1.24%+0.22%-0.18%-2.43%-0.06%+2.04%-0.49%+4.03%

2024+0.90%-0.09%+0.26%-0.12%+0.94%-0.12%+1.78%YTD* Currency returns

Spot Returns v GBP,YTD*HKD+0.72%
USD+0.68%
AUD-1.42%
CNH-1.71%
EUR-2.29%
CAD-2.53%
NOK-4.10%
CHF-5.75%
JPY-11.74%

Annual Returns POUND+10.00%+7.27%+5.88%+5.00%+3.83%+1.82%+1.77%+1.86%+4.00%+2.54%+4.03%+1.78%+0.00%-5.00%-10.00%20052006 2007 20082009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

-2.84%-5.42%-0.00%-3.30%-0.29%-2.36%-8.78%-15.00%-20.00%-3.58%-16.79%-25.00%-30.00%-25.89%*Year to date as of, June 28, 2024

Bloomberg British Pound Spot Index (POUND)

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Bloomberg British Pound Spot Index Fact Sheet

June 28, 2024

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