# Limited Sterling Buying Interest, Pound To Dollar Rate Fails To Challenge 6-Week Highs | Exchange Rates UK

> Sterling failed to break above six-week highs against the dollar, dipping to near 1.1550 on Monday after rallying above 1.1600 the previous Friday. Analysts said the dollar's roughly 4.5% monthly correction may have ended, and that the Fed is unlikely to pivot soon.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39399-limited-sterling-buying-interest-pound-to-dollar-rate-fails-to-challenge-6-week
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves of this size change the relative competitiveness of US grain and oilseed exports, which can shift feed commodity prices.

## Read by commodity

- DXY: neutral
- GBPUSD: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/36842/2022-10-31-limited-sterling-buying-interest-pound-to-dollar-rate-fails-to-challenge-6-week-highs.html

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