# Sterling on track for biggest monthly fall since September 2023 vs dollar

> Sterling was on track for its biggest monthly fall against the dollar since September 2023, down about 3%. The decline reflected a more cautious BoE easing path and a stronger dollar on firm US data and election bets.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/28096-sterling-on-track-for-biggest-monthly-fall-since-september-2023-vs-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A strong dollar against sterling is a broad macro signal that can pressure dollar-denominated commodity prices and shift import costs for UK feed buyers. The impact on feed markets is modest.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-25 | [Sterling falls to lowest level since September 2020 versus dollar](https://feedsoft.ai/events/42079-sterling-falls-to-lowest-level-since-september-2020-versus-dollar.md) | +1.2% | +1.1% |
| DXY | 2021-12-30 | [Dollar on track for best year since 2015](https://feedsoft.ai/events/43836-dollar-on-track-for-best-year-since-2015.md) | +0.0% | +0.6% |
| DXY | 2023-02-28 | [Dollar edges higher, headed for 1st monthly gain since September](https://feedsoft.ai/events/37570-dollar-edges-higher-headed-for-1st-monthly-gain-since-september.md) | -0.7% | -0.9% |
| DXY | 2024-01-31 | [Dollar's largest monthly gain since September \| EBC Financial Group](https://feedsoft.ai/events/32400-dollar-s-largest-monthly-gain-since-september-ebc-financial-group.md) | +0.3% | +0.4% |
| DXY | 2022-10-31 | [Strong U.S. dollar, yields put gold on track for seventh monthly fall \| Financial Post](https://feedsoft.ai/events/39039-strong-u-s-dollar-yields-put-gold-on-track-for-seventh-monthly-fall-financial.md) | -0.1% | -2.8% |

## Sources

- uk.finance.yahoo.com: https://uk.finance.yahoo.com/news/sterling-track-biggest-monthly-fall-103139830.html

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