# Sterling set for biggest monthly gain vs dollar since November

> Sterling held near $1.236 on March 30 and was on track for its biggest monthly gain against the dollar since November, up nearly 3% in March. The move followed easing concern about the banking sector, which drew investor flows away from the dollar. UK grocery inflation hit a record 17.5% in March, while headline inflation stayed above 10%.

- Date: 2023-03-30 · published 2023-03-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/37118-sterling-set-for-biggest-monthly-gain-vs-dollar-since-november
- 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 firmer pound and softer dollar can ease sterling-denominated costs for UK feed importers and tend to support dollar-priced grain and oilseed prices. The effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-26 | [Dollar falls, set for biggest monthly drop in nearly 2 years](https://feedsoft.ai/events/10400-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years.md) | -0.0% | +1.1% |
| DXY | 2026-01-23 | [Sterling set for best week against dollar since August after data boost \| Reuters](https://feedsoft.ai/events/21303-sterling-set-for-best-week-against-dollar-since-august-after-data-boost-reuters.md) | -1.5% | -1.0% |
| DXY | 2020-07-06 | [Risk-on move dents dollar; yuan set for best day since December](https://feedsoft.ai/events/9734-risk-on-move-dents-dollar-yuan-set-for-best-day-since-december.md) | -0.4% | -2.2% |
| DXY | 2025-11-27 | [Dollar set for biggest weekly fall in four months, Fed in focus \| Reuters](https://feedsoft.ai/events/22186-dollar-set-for-biggest-weekly-fall-in-four-months-fed-in-focus-reuters.md) | -0.5% | -1.5% |
| DXY | 2026-09-01 | [Sterling hits six-month high against fading dollar](https://feedsoft.ai/events/18143-sterling-hits-six-month-high-against-fading-dollar.md) | -0.6% | +2.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-set-biggest-monthly-gain-vs-dollar-since-september-2023-03-30/?taid=64259716416b1e0001602478

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