# Sterling falls to lowest level since September 2020 versus dollar

> Sterling fell to its lowest since September 2020 against a strengthening dollar, which climbed to a two-year high as risk aversion spread. Money markets trimmed bets on Bank of England tightening, with about 150 bps of hikes priced by year-end.

- Date: 2022-04-25 · published 2022-04-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42079-sterling-falls-to-lowest-level-since-september-2020-versus-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A stronger dollar makes US dollar-priced feed ingredients more expensive for UK and European buyers, though the direct effect on grain prices is modest.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-28 | [Sterling on track for biggest monthly fall since September 2023 vs dollar](https://feedsoft.ai/events/28096-sterling-on-track-for-biggest-monthly-fall-since-september-2023-vs-dollar.md) | +0.2% | +1.9% |
| DXY | 2022-05-01 | [Sterling falls to 21-month low vs dollar amid growth worries](https://feedsoft.ai/events/42082-sterling-falls-to-21-month-low-vs-dollar-amid-growth-worries.md) | +0.3% | -1.0% |
| DXY | 2023-10-04 | [Rand falls to lowest level against the dollar in months](https://feedsoft.ai/events/33924-rand-falls-to-lowest-level-against-the-dollar-in-months.md) | -0.8% | +0.0% |
| DXY | 2022-09-26 | [Sterling hits all-time low versus broadly stronger dollar \| Reuters](https://feedsoft.ai/events/39829-sterling-hits-all-time-low-versus-broadly-stronger-dollar-reuters.md) | +0.2% | +0.6% |
| DXY | 2022-04-28 | [Dollar index hits highest level since 2002](https://feedsoft.ai/events/42070-dollar-index-hits-highest-level-since-2002.md) | +0.1% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/business/finance/sterling-falls-lowest-since-september-2020-versus-dollar-2022-04-25/

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