# Sterling to regain some lost ground over coming year

> A Reuters poll found sterling, down nearly 12% against the dollar this year, is likely to recover about half those losses over the next 12 months. The forecast is based on expected further Bank of England rate hikes. The BoE has raised rates five times since December, with smaller 25 basis point moves compared with the Fed's 75 basis point hikes.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/40753-sterling-to-regain-some-lost-ground-over-coming-year
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The poll points to a firmer pound against the dollar, which would slightly reduce the local-currency cost of dollar-priced feed imports for UK buyers over the year.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/europe/sterling-regain-some-lost-ground-over-coming-year-2022-07-06/

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