# Sterling on course for monthly rise against dollar but fiscal risks linger — TradingView News

> Sterling slipped about 0.3% against the dollar to $1.3464 on Friday over concerns about Britain's fiscal position, after a think tank proposed taxing banks on their Bank of England reserves. The pound was still on course for a monthly gain of about 2% against the dollar. UK bank shares fell and the 10-year Gilt yield rose 3 basis points to 4.73%.

- Date: 2025-08-29 · published 2025-08-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/23589-sterling-on-course-for-monthly-rise-against-dollar-but-fiscal-risks-linger
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Fiscal worries could weigh on sterling and gilts ahead of possible tax increases, while a firmer pound against the dollar lowers the cost of dollar-priced imports for UK feed buyers.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3UL09A:0-sterling-on-course-for-monthly-rise-against-dollar-but-fiscal-risks-linger/

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