FrancSterling Index: Franctrade introduces its FrancSterling Index (FSI) tracking the trade-weighted west and central African CFA franc (CFAF) against the British pound sterling (GBP).
Sterling has been softer vs. the CFAF with the currency largely weighed down by market concerns related to Brexit. A moderate recovery in the index in Q2-2017 and Q4-2017 has not been sustained and FSI is currently at 97.77 (Jan 2018=100).
Any predictions on the trends going forward with all the trade wars starting to emerge and how that would affect francophone Africa? I understand China would be the biggest beneficiary in all this.