# Sterling tumbles to 21-month low - Business & Finance - Business Recorder

> Sterling fell to a 21-month low against a strong dollar, which also hit multi-year highs against the yen and euro. Traders cited Fed tightening expectations that lifted US 10-year yields and pushed the dollar index to its highest since 2002.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42086-sterling-tumbles-to-21-month-low-business-and-finance-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Rising US yields and a surging dollar tighten global liquidity and make dollar-priced feed and grain imports costlier for importing nations.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-29 | [Sterling pushed down by dollar strength - Business & Finance - Business Recorder](https://feedsoft.ai/events/44804-sterling-pushed-down-by-dollar-strength-business-and-finance-business-recorder.md) | +0.8% | +2.8% |
| DXY | 2023-09-28 | [Dollar index powers to 10-month high - Business & Finance - Business Recorder](https://feedsoft.ai/events/34310-dollar-index-powers-to-10-month-high-business-and-finance-business-recorder.md) | +0.5% | +0.8% |
| DXY | 2023-09-25 | [Sterling hits fresh multi-month lows on dollar and euro - Markets - Business Recorder](https://feedsoft.ai/events/34356-sterling-hits-fresh-multi-month-lows-on-dollar-and-euro-markets-business.md) | +0.6% | +1.4% |
| DXY | 2023-05-31 | [Dollar higher - Business & Finance - Business Recorder](https://feedsoft.ai/events/36152-dollar-higher-business-and-finance-business-recorder.md) | -0.5% | -1.0% |
| DXY | 2022-04-29 | [Canadian dollar hits 7-week low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42107-canadian-dollar-hits-7-week-low-business-and-finance-business-recorder.md) | -0.1% | -1.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40170154

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