The distribution of assets and liabilities has an effect on how risks are distributed across different household subpopulations. In that respect, policy makers cannot be content to just rely on aggregate numbers. Aggregate statistics on the indebtedness of households can be misleading if debt is concentrated among some household groups.
Figure 8. EUR-USD and real yields  Source: Bloomberg. • Against the British pound: The Brexit risk overshadows everything The US dollar rose against the pound by more than 16% on a yearly basis last year.