# Sterling Falls Against Euro and Dollar Amid BoE Uncertainty

> Sterling fell 0.3% against the euro and the dollar on March 28 as investors weighed the Bank of England's next moves against recession risk. The pound was at $1.3138, close to its lowest since November 2020. Strong dollar demand from higher Treasury yields added to the pressure.

- Date: 2022-03-28 · published 2022-03-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/42524-sterling-falls-against-euro-and-dollar-amid-boe-uncertainty
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling weakness driven by BoE caution and a firmer dollar affects the cost of dollar-denominated feed imports for UK buyers. The impact on grain and oilseed prices is minor.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/sterling-falls-against-dollar-and-euro-focus-on-boe/

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