Spot exchange rates relate to foreign exchange market transactions that are executed for settlement in two days time, the standard market practice.
Data are published for daily rates, and for average and end of period monthly, quarterly and annual rates. These are statistical data and do not constitute any form of official rates, nor should they be considered to carry any special authority of the Bank of England.
The daily spot exchange rates are prepared using multiple sources. Bloomberg BFIX may at times be used as one of these. Queries regarding BFIX should be directed to firstname.lastname@example.org.