# Sterling edges up in holiday-thinned trading

> Sterling edged higher in thin holiday trading, with the pound's appeal tied to the Bank of England taking longer to cut rates than other major central banks. Traders also weighed the coming return of Donald Trump to the White House and his tariff pledges.

- Date: 2025-01-01 · published 2025-01-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/27200-sterling-edges-up-in-holiday-thinned-trading
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves tied to rate expectations and tariff risk can shift dollar-denominated grain and meal prices for importers, though the effect here is small.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-26 | [FX Daily: Trading the hemispheres \| ING THINK](https://feedsoft.ai/events/50879-fx-daily-trading-the-hemispheres-ing-think.md) | +1.0% | -1.1% |
| DXY | 2017-02-01 | [Sterling surges on data boost, more Brexit hope](https://feedsoft.ai/events/72734-sterling-surges-on-data-boost-more-brexit-hope.md) | +0.2% | +0.2% |
| DXY | 2020-08-27 | [​Stay Cautious Trading Despite Strong CNY & Steady USD-News-WikiFX](https://feedsoft.ai/events/51842-stay-cautious-trading-despite-strong-cny-and-steady-usd-news-wikifx.md) | -0.5% | +0.8% |
| DXY | 2025-07-28 | [Sterling bounces off two-year low on euro, soft on dollar](https://feedsoft.ai/events/24026-sterling-bounces-off-two-year-low-on-euro-soft-on-dollar.md) | +1.0% | +0.2% |
| DXY | 2022-02-24 | [Sterling falls below $1.36 as BoE tries to cool rate-hike bets \| Euronews](https://feedsoft.ai/events/42939-sterling-falls-below-1-36-as-boe-tries-to-cool-rate-hike-bets-euronews.md) | +1.0% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-edges-up-holiday-thinned-trading-2024-12-24/

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