Ronald McDonald says GBP is 22% undervalued against the US dollar (Big Mac index)
Summary
By sueyangfx.com January 19, 2021 at 03:02AM The Economist’s ‘Big Mac’ index is based on the theory of purchasing-power parity (PPP), which says that in the long run exchange rates should move towards the rate that would equalise the prices […]
More On Forexlive RSS Breaking News Feed
- Eurozone June trade balance €12.4 billion vs €9.3 billion expected
- Eurozone June industrial production -0.3% vs -0.2% m/m expected
- Eurozone May trade balance €9.4 billion vs €7.9 billion expected
- Eurozone May industrial production -1.0% vs -0.3% m/m expected
- ECBs Knot: Ground for Euro area recovery getting firmer and firmer
January 19, 2021 at 03:02AM
The Economist’s ‘Big Mac’ index is based on the theory of purchasing-power parity (PPP), which says that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.