# Pound's Stellar May Performance Against Dollar - Finimize

> Sterling was set for its best monthly performance against the dollar in 2024, with a 1.7% gain in May. Markets now price about one Bank of England rate cut this year, and the euro fell 1.6% against sterling over the year.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/30524-pound-s-stellar-may-performance-against-dollar-finimize
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Lower expected UK rate cuts support sterling and affect cross-border feed and ingredient costs priced in pounds. Direct impact on feed commodities is negligible.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- finimize.com: https://finimize.com/content/pounds-stellar-may-performance-against-dollar

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