# Sterling holds near recent highs on euro, dollar

> Sterling held near multi-year highs against the dollar and euro at the start of the week. Traders expect the Bank of England to cut rates more cautiously than the Fed and ECB. The pound was up 0.16% at $1.3394 and the euro was at 83.54 pence.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/28572-sterling-holds-near-recent-highs-on-euro-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

Expectations of slower BoE easing than the Fed and ECB support sterling against the dollar and euro, which changes the cost of imported feed for UK buyers. The effect on global commodity prices is limited.

## 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 | 2025-04-29 | [Sterling Maintains Strength, Nears Record Dollar Highs - Finimize](https://feedsoft.ai/events/25382-sterling-maintains-strength-nears-record-dollar-highs-finimize.md) | -0.4% | -0.9% |
| DXY | 2025-06-30 | [Sterling holds ground near 4-year high as dollar weakens \| Moneycorp](https://feedsoft.ai/events/24479-sterling-holds-ground-near-4-year-high-as-dollar-weakens-moneycorp.md) | -0.0% | +0.8% |
| DXY | 2022-07-28 | [Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief](https://feedsoft.ai/events/40759-pound-sterling-extends-gains-against-euro-and-dollar-on-post-fed-relief.md) | -0.3% | +0.2% |
| DXY | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.1% | +1.4% |

## Sources

- zawya.com: https://www.zawya.com/en/markets/currencies/sterling-holds-near-recent-highs-on-euro-dollar-uw8x09r3

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