# Sterling nears three-month high - Business & Finance - Business Recorder

> Sterling neared a three-month high on November 24 as the dollar retreated broadly and UK bond yields rose after the budget update forecast higher government debt issuance. Consumer confidence also improved in November, though it remained well below pre-COVID levels. The pound reached $1.2575 on Thursday, and on Friday it traded around $1.257.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/33426-sterling-nears-three-month-high-business-and-finance-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The move reflects broad dollar weakness and UK fiscal factors, with no direct link to feed commodity supply or demand. Any effect on feed prices would come only through the dollar.

## Sources

- brecorder.com: https://www.brecorder.com/news/40275256

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