GBP/USD (FRED Daily) in 2015
GBP/USD (FRED Daily) opened 2015 at $1.54 and closed at $1.47, a -4.00% move for the year. The high of $1.59 was reached on June 18, and the low of $1.46 on April 10.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $1.54 | $1.5 | $1.54 | $1.5 | -2.18% |
| Feb | $1.5 | $1.54 | $1.55 | $1.5 | +2.74% |
| Mar | $1.54 | $1.49 | $1.54 | $1.47 | -3.39% |
| Apr | $1.48 | $1.53 | $1.55 | $1.46 | +3.41% |
| May | $1.51 | $1.53 | $1.58 | $1.51 | +0.98% |
| Jun | $1.52 | $1.57 | $1.59 | $1.52 | +3.56% |
| Jul | $1.56 | $1.56 | $1.56 | $1.54 | +0.11% |
| Aug | $1.56 | $1.54 | $1.57 | $1.54 | -1.54% |
| Sep | $1.53 | $1.51 | $1.56 | $1.51 | -1.47% |
| Oct | $1.52 | $1.54 | $1.55 | $1.52 | +1.87% |
| Nov | $1.54 | $1.5 | $1.54 | $1.5 | -2.49% |
| Dec | $1.51 | $1.47 | $1.52 | $1.47 | -2.18% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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