# Sterling extends slide as dollar rallies, gilt yields rise

> Sterling fell as much as 0.7% against the dollar to $1.21, its lowest since November 2023, as gilt yields rose for a sixth day. Investor concerns about Britain's fiscal sustainability drove the move.

- Date: 2025-01-13 · published 2025-01-13T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/26733-sterling-extends-slide-as-dollar-rallies-gilt-yields-rise
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves in sterling have limited direct effect on grain and oilseed prices, so this is a background macro signal for UK-based feed costs.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-14-month-low-gilt-yields-rise-again-2025-01-13/

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