# Sterling hits one-month low with growth data in focus | Euronews

> Sterling hit a one-month low against the dollar on February 6 at $1.2031, after losing 2.8% the prior week following strong US jobs data. Traders were focused on UK growth figures and comments from Bank of England policymakers about the pace of rate hikes.

- Date: 2023-02-06 · published 2023-02-06T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/37571-sterling-hits-one-month-low-with-growth-data-in-focus-euronews
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is a currency market move driven by US rate expectations and has no direct effect on feed grain supply or demand. Its relevance for feed buyers is limited to exchange-rate effects on import costs.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- euronews.com: https://www.euronews.com/2023/02/06/britain-sterling

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