# Pound rises despite record current account shortfall - Markets - Business Recorder

> The pound rose against the dollar and euro after official data showed a record UK current account deficit of 51.7 billion pounds in the first quarter. Sterling remained on track for its biggest six-month drop against the dollar since 2016, and the BoE's next scheduled decision is on August 4.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/41197-pound-rises-despite-record-current-account-shortfall-markets-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The record deficit highlights UK economic headwinds, but the currency move has little direct effect on feed commodity prices. Its relevance to buyers is limited to general macro sentiment.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40183535

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