# Sterling volatility jumps as soaring energy prices knock pound | Reuters

> Sterling/dollar one-month implied volatility rose to about 7.9%, a seven-month high, on October 6. The move followed soaring energy prices and another jump in British government bond yields, while euro/dollar volatility stayed lower at 5.5%.

- Date: 2021-10-06 · published 2021-10-06T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/44810-sterling-volatility-jumps-as-soaring-energy-prices-knock-pound-reuters
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher currency volatility raises hedging costs for UK feed importers and can pressure the pound against the dollar. Energy-driven price surges also raise feed production and transport costs.

## Read by commodity

- GBPUSD: bearish ▼
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-10-06 | [European Union's US gas use set to soar, increasing price volatility \| Reuters](https://feedsoft.ai/events/22577-european-union-s-us-gas-use-set-to-soar-increasing-price-volatility-reuters.md) | -7.8% | +17.8% |
| NATGAS | 2022-05-27 | [High gas prices, energy security fears impede decarbonisation push \| Reuters](https://feedsoft.ai/events/41572-high-gas-prices-energy-security-fears-impede-decarbonisation-push-reuters.md) | -6.8% | -30.5% |
| NATGAS | 2021-07-12 | [Supply struggles, not just demand, are fuelling LNG's price surge: Russell \| Reuters](https://feedsoft.ai/events/46252-supply-struggles-not-just-demand-are-fuelling-lng-s-price-surge-russell-reuters.md) | -0.1% | +13.1% |
| NATGAS | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +9.7% | +1.4% |
| NATGAS | 2021-10-22 | [Global Gas Prices are Soaring to Record Highs. Here's Why.](https://feedsoft.ai/events/11751-global-gas-prices-are-soaring-to-record-highs-here-s-why.md) | +14.0% | -2.0% |

## Sources

- reuters.com: https://www.reuters.com/article/business/sterling-volatility-jumps-as-soaring-energy-prices-knock-pound-idUSKBN2GW10B/

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