# Sterling set for first monthly rise since September - Markets - Business Recorder

> Sterling eased to $1.259 on Friday but was still set for its first monthly rise since September. Investors moved toward the dollar as US tariffs were about to take effect and Trump threatened 25% tariffs on EU goods. Traders expect the Fed and Bank of England to each deliver about two cuts this year.

- Date: 2025-02-28 · published 2025-02-28T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/26319-sterling-set-for-first-monthly-rise-since-september-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tariff threats and safe-haven demand support the dollar, which can pressure dollar-denominated commodity prices and the trade flows they reflect. The impact on feed prices is modest.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-01-29 | [Dollar strengthens against yen - Business & Finance - Business Recorder](https://feedsoft.ai/events/26746-dollar-strengthens-against-yen-business-and-finance-business-recorder.md) | -0.1% | -0.8% |
| DXY | 2024-11-26 | [Markets react to Trump's tariff promise](https://feedsoft.ai/events/27653-markets-react-to-trump-s-tariff-promise.md) | -0.0% | +1.1% |
| DXY | 2025-02-13 | [Further decline in Black Sea wheat exports: Grain market daily \| AHDB](https://feedsoft.ai/events/14227-further-decline-in-black-sea-wheat-exports-grain-market-daily-ahdb.md) | -0.9% | -1.8% |
| DXY | 2019-06-30 | [Sterling sags as dollar rises after G20 US, China agreement](https://feedsoft.ai/events/58852-sterling-sags-as-dollar-rises-after-g20-us-china-agreement.md) | +0.4% | +0.9% |
| DXY | 2019-07-01 | [Forex markets: Dollar advances to 2-week high after US-China trade tensions ease](https://feedsoft.ai/events/58330-forex-markets-dollar-advances-to-2-week-high-after-us-china-trade-tensions-ease.md) | +0.4% | +0.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40350631

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