# Sterling edges higher as traders await steer from Bank of England | Reuters

> Sterling edged higher against the dollar and euro on August 29, 2023, trading up 0.10% at $1.2614. Traders were awaiting comments from Bank of England Chief Economist Huw Pill later in the week for guidance on the central bank's next move.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/34829-sterling-edges-higher-as-traders-await-steer-from-bank-of-england-reuters
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves like this affect the dollar value of UK-linked commodity imports and export competitiveness, but there is no direct link to feed grain or oilseed supply, demand or prices.

## Read by commodity

- GBPUSD: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-edges-higher-traders-await-steer-bank-england-2023-08-29/

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