# British Pound (GBP/USD) Went on a Wild Ride Close to Dollar Parity in 2022 - Bloomberg

> A retrospective piece describes sterling nearly reaching dollar parity during 2022 amid UK political turmoil, three prime ministers and an unfunded tax package. The Bank of England intervened in September to stop a gilt market crash.

- Date: 2022-12-09 · published 2022-12-09T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/38480-british-pound-gbp-usd-went-on-a-wild-ride-close-to-dollar-parity-in-2022
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The pound's volatility shows how UK political risk can quickly move GBP/USD. For feed buyers, this matters only as background for import costs priced in dollars.

## Read by commodity

- GBPUSD: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-12-09/the-pound-went-on-a-wild-ride-close-to-dollar-parity-in-2022

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