# Sterling slips after data shows UK manufacturers cut prices | Financial Post

> Sterling fell against the dollar and euro after UK manufacturers unexpectedly cut prices in December by the most since April 2020. Private-sector activity and recession fears also weighed on the pound ahead of the Bank of England meeting.

- Date: 2023-01-25 · published 2023-01-25T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/38019-sterling-slips-after-data-shows-uk-manufacturers-cut-prices-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weaker UK economic data and a softer pound have limited direct effect on feed grain prices, though a firmer dollar can soften US commodity values.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-17 | [Sterling slips after dollar rebound; focus on Bank of England \| Financial Post](https://feedsoft.ai/events/51374-sterling-slips-after-dollar-rebound-focus-on-bank-of-england-financial-post.md) | +1.6% | +0.6% |
| DXY | 2021-09-16 | [Sterling slips versus stronger dollar after U.S. data beat](https://feedsoft.ai/events/45309-sterling-slips-versus-stronger-dollar-after-u-s-data-beat.md) | +0.6% | +1.1% |
| DXY | 2022-06-23 | [Euro sinks after bleak manufacturing, services data; U.S. dollar rises](https://feedsoft.ai/events/41159-euro-sinks-after-bleak-manufacturing-services-data-u-s-dollar-rises.md) | +0.4% | +2.0% |
| DXY | 2024-10-30 | [Pound Sterling bounces back after UK budget announcement, US data](https://feedsoft.ai/events/28098-pound-sterling-bounces-back-after-uk-budget-announcement-us-data.md) | -0.2% | +1.6% |
| DXY | 2022-11-03 | [Copper sags after Fed unnerves investors and dollar rallies \| Financial Post](https://feedsoft.ai/events/38597-copper-sags-after-fed-unnerves-investors-and-dollar-rallies-financial-post.md) | -1.0% | -4.2% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-slips-after-data-shows-uk-manufacturers-cut-prices

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