# Sterling keeps climbing on struggling dollar

> Sterling kept rising against a weakening dollar, supported by the Bank of England being slower to cut rates than peers. Commerzbank's Michael Pfister noted that UK core inflation has stalled for a year, making rate cuts harder. The outlook for the UK economy is not improving.

- Date: 2025-06-27 · published 2025-06-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/24475-sterling-keeps-climbing-on-struggling-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves like this change the relative cost of US commodity imports for UK and European buyers. A weaker dollar can support US export competitiveness at the margin, but the feed price effect is small.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-20 | [Sterling heads higher on weaker dollar](https://feedsoft.ai/events/58853-sterling-heads-higher-on-weaker-dollar.md) | -1.1% | -0.8% |
| DXY | 2025-05-23 | [Morning Bid: Dollar keeps tumbling](https://feedsoft.ai/events/24864-morning-bid-dollar-keeps-tumbling.md) | -0.2% | -0.7% |
| DXY | 2024-09-30 | [Sterling holds near recent highs on euro, dollar](https://feedsoft.ai/events/28572-sterling-holds-near-recent-highs-on-euro-dollar.md) | +0.9% | +3.1% |
| DXY | 2020-07-29 | [Sterling rises as Fed keeps lid on US rates](https://feedsoft.ai/events/52364-sterling-rises-as-fed-keeps-lid-on-us-rates.md) | +0.4% | -0.4% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/world/uk/sterling-keeps-climbing-struggling-dollar-2025-06-27/

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