# Sterling falls to 21-month low vs dollar amid growth worries

> Sterling held near its lowest since 2020 against a firm dollar, weighed by UK economic worries after debt figures and fears that COVID restrictions in China will slow world growth. Money markets pared expected Bank of England rate hikes to about 140 bps by year-end.

- Date: 2022-05-01 · published 2022-05-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42082-sterling-falls-to-21-month-low-vs-dollar-amid-growth-worries
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weaker global growth expectations and a firm dollar tend to pressure dollar-denominated commodity prices, including feed grains.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-11 | [Euro hits near 7-month low vs dollar as tariff worries weigh \| Reuters](https://feedsoft.ai/events/7555-euro-hits-near-7-month-low-vs-dollar-as-tariff-worries-weigh-reuters.md) | +0.8% | +1.1% |
| DXY | 2022-04-25 | [Sterling falls to lowest level since September 2020 versus dollar](https://feedsoft.ai/events/42079-sterling-falls-to-lowest-level-since-september-2020-versus-dollar.md) | +1.2% | +1.1% |
| DXY | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | +1.7% | +2.5% |
| DXY | 2022-07-29 | [Sterling wraps up small monthly loss against the dollar](https://feedsoft.ai/events/40749-sterling-wraps-up-small-monthly-loss-against-the-dollar.md) | -0.2% | +0.8% |
| DXY | 2016-12-01 | [Australian dollar falls to five-month low as Trump rally continues](https://feedsoft.ai/events/74103-australian-dollar-falls-to-five-month-low-as-trump-rally-continues.md) | -0.9% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/world/uk/china-lockdown-fears-hold-sterling-around-127-2022-04-26/

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