# Sterling firms against dollar; tariff fallout, Manchester election in focus | Reuters

> Sterling rose 0.2% to $1.3506 on Monday as a broadly softer dollar offset uncertainty after the US Supreme Court struck down global tariffs. Trump then announced a new 15% levy on all imports, up from the 10% that applied to the UK, and a parliamentary by-election added political uncertainty.

- Date: 2026-02-23 · published 2026-02-23T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/20862-sterling-firms-against-dollar-tariff-fallout-manchester-election-in-focus
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Renewed US tariff uncertainty and a softer dollar are macro factors that can move trade flows and currency-linked commodity pricing, though the effect on feed prices is indirect.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-19 | [Sterling rises vs dollar after Fed; BoE in focus \| Reuters](https://feedsoft.ai/events/28566-sterling-rises-vs-dollar-after-fed-boe-in-focus-reuters.md) | -0.1% | +2.1% |
| DXY | 2026-01-23 | [Sterling set for best week against dollar since August after data boost \| Reuters](https://feedsoft.ai/events/21303-sterling-set-for-best-week-against-dollar-since-august-after-data-boost-reuters.md) | -1.5% | -1.0% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |
| DXY | 2025-06-25 | [GBP: Is there room for sterling to make gains against the dollar?](https://feedsoft.ai/events/24476-gbp-is-there-room-for-sterling-to-make-gains-against-the-dollar.md) | -0.8% | -0.7% |
| DXY | 2024-05-31 | [Dollar set for first monthly drop after US inflation readout \| Reuters](https://feedsoft.ai/events/30421-dollar-set-for-first-monthly-drop-after-us-inflation-readout-reuters.md) | +0.3% | +1.8% |

## Sources

- reuters.com: https://www.reuters.com/world/uk/sterling-firms-against-dollar-tariff-fallout-manchester-election-focus-2026-02-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.