Pound Sterling

• The Bank of England (BoE) is the central bank of the United Kingdom: its objective is to serve the general interest by maintaining the monetary and financial stability of the country.
• Price setting method: the exchange rate is floating. It is therefore the law of supply and demand that determines the value of the British pound against other currencies.

• In June 2016, the "yes" vote in the Brexit referendum led to a sharp decline in the pound Sterling: it then corrected 8.8% against the USD and 6.7% against the EUR in the days following the announcement of the result.
• In October 2016, the currency of the UK was the victim of a "flash crash", which made it unravel by nearly 9% in a few seconds, before regaining almost all the lost ground. This event took place in Asian trading when liquidity is not optimal on the pound Sterling.

At the time of writing, GBP is not very far from its lowest level ever against EUR.

• In recent years, the value of GBP versus other major currencies was mainly driven by the evolution of the possible terms of Brexit. Still, now, the currency is “event-driven" by this theme.

There are no special restrictions on the purchase and sale of GBP.