# Why the pound is in freefall – and what it means for Sunak

> The pound has dropped to $1.215 on September 27, its lowest since March and well below its July peak above $1.31. It is on track for its worst month since the mini-budget turmoil of 2022, with the fall driven by lower interest rate expectations and a resilient US economy.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/34357-why-the-pound-is-in-freefall-and-what-it-means-for-sunak
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker pound raises UK inflation pressure and can make dollar-priced imported feed ingredients more expensive for UK livestock and feed buyers.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-28 | [Why is the US dollar so strong, and what does it mean?](https://feedsoft.ai/events/10320-why-is-the-us-dollar-so-strong-and-what-does-it-mean.md) | -1.8% | -1.5% |
| DXY | 2022-07-15 | [What the dollar's surge means for the economy](https://feedsoft.ai/events/40692-what-the-dollar-s-surge-means-for-the-economy.md) | -0.9% | -2.7% |
| DXY | 2021-03-24 | [What a stronger dollar means for the world](https://feedsoft.ai/events/48323-what-a-stronger-dollar-means-for-the-world.md) | +0.8% | -0.9% |
| DXY | 2024-11-13 | [Why is the euro falling and could it hit $1?](https://feedsoft.ai/events/7554-why-is-the-euro-falling-and-could-it-hit-1.md) | -0.3% | +0.1% |
| DXY | 2022-05-19 | [Euro dollar: What does it mean for investors as the pair nears parity?](https://feedsoft.ai/events/41611-euro-dollar-what-does-it-mean-for-investors-as-the-pair-nears-parity.md) | -0.9% | +0.5% |

## Sources

- telegraph.co.uk: https://www.telegraph.co.uk/business/2023/09/27/pound-falling-euro-dollar-inflation-interest-rates-sunak/

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