# Pound Sterling Firm Vs Euro, Dollar As UK Business Confidence Hits 8-Year Highs

> The Lloyds Bank Business Barometer rose to 50% in May from 42% in April, its strongest reading since November 2015. Business optimism about the economy also improved, and the prices index reached a 6-month high.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/30523-pound-sterling-firm-vs-euro-dollar-as-uk-business-confidence-hits-8-year-highs
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Stronger UK business confidence supports sterling and reduces the chance of near-term Bank of England rate cuts. Feed buyers see little direct price effect.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/40846/2024-05-31-pound-sterling-to-euro-dollar-firms-as-uk-business-confidence-8-year-highs.html

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