# Sterling nudges at March trough, a year on from ‘mini-budget’ record low - Markets - Business Recorder

> Sterling fell for a fifth straight day on September 26 as rising US bond yields lifted the dollar, trading near its lowest since March. The pound was still about 18% above its record low of a year earlier, after the Truss government's mini-budget.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/34355-sterling-nudges-at-march-trough-a-year-on-from-mini-budget-record-low-markets
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Persistent dollar strength against sterling and the euro supports the US dollar index, which generally pressures dollar-priced grains and oilseeds and can cap export demand from the UK and Europe.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-25 | [Sterling hits fresh multi-month lows on dollar and euro - Markets - Business Recorder](https://feedsoft.ai/events/34356-sterling-hits-fresh-multi-month-lows-on-dollar-and-euro-markets-business.md) | +0.6% | +1.4% |
| DXY | 2023-10-27 | [Sterling set for weekly declines on dollar and euro, buffeted - Markets - Business Recorder](https://feedsoft.ai/events/33885-sterling-set-for-weekly-declines-on-dollar-and-euro-buffeted-markets-business.md) | -0.9% | -3.1% |
| DXY | 2022-04-29 | [Sterling tumbles to 21-month low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42086-sterling-tumbles-to-21-month-low-business-and-finance-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2026-06-18 | [China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh.md) | +1.4% | +1.0% |
| DXY | 2024-12-31 | [Australia, NZ dollars see out tough year, more risk ahead - Markets - Business Recorder](https://feedsoft.ai/events/27214-australia-nz-dollars-see-out-tough-year-more-risk-ahead-markets-business.md) | -0.2% | -0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40265191

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