# Why the pound has shot up while the UK economy is struggling | News | Warwick Business School

> Sterling is up about 30% against the US dollar since autumn 2022 and trades near $1.31, its highest since April 2022. The article attributes the gain mainly to Bank of England tightening, a weaker dollar and more restrained fiscal policy.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/35297-why-the-pound-has-shot-up-while-the-uk-economy-is-struggling-news-warwick
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The explanation centres on monetary policy and currency moves rather than feed supply or demand, so the effect on feed prices is indirect.

## Sources

- wbs.ac.uk: https://www.wbs.ac.uk/news/why-the-pound-has-shot-up-while-the-uk-economy-is-struggling/

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