# Sterling at fresh 16-week high as dollar takes a beating

> Sterling rose to a near 16-week high against a softer dollar, trading up 0.8% at $1.2157. The move came despite weak UK manufacturing data showing a fourth monthly contraction.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/38482-sterling-at-fresh-16-week-high-as-dollar-takes-a-beating
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The pound's move reflects broad dollar softness rather than a new UK-specific driver. Currency shifts of this size have little direct effect on feed commodity prices.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-fresh-16-week-high-dollar-takes-beating-2022-12-01/

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