# Sterling climbs after strong UK data

> Sterling rose against the dollar on August 11, 2023, after UK GDP grew 0.2% in the second quarter, beating expectations of no growth. Strong industrial output data raised expectations of a Bank of England hike at the September meeting.

- Date: 2023-08-11 · published 2023-08-11T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/34833-sterling-climbs-after-strong-uk-data
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Stronger UK growth and rate expectations move sterling but do not materially shift feed grain or protein supply, demand or prices.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- economies.com: https://www.economies.com/forex/gbp-usd-news/sterling-climbs-after-strong-uk-data-43213

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