# Surging Inflation Fears Stoke Pound Sterling Advance against the Euro and Dollar

> Sterling advanced against the euro and dollar on 28 September as UK bond yields climbed to 2021 highs. Analysts expect UK inflation to exceed Eurozone levels, pushing the Bank of England toward a rate hike. GBP/EUR held above 1.17.

- Date: 2021-09-28 · published 2021-09-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/45311-surging-inflation-fears-stoke-pound-sterling-advance-against-the-euro-and-dollar
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Higher UK yields and rate-hike expectations drive sterling strength, which affects pricing for UK feed importers. Direct grain or feed price implications are minimal.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | +0.3% | +1.6% |
| EURUSD | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.2% | +2.5% |
| EURUSD | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | +0.4% | +1.7% |
| EURUSD | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | -3.1% | -1.3% |
| EURUSD | 2022-10-05 | [Dollar gains as investors see Fed stance likely unchanged; euro, sterling fall](https://feedsoft.ai/events/9335-dollar-gains-as-investors-see-fed-stance-likely-unchanged-euro-sterling-fall.md) | -2.9% | -1.0% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/15993-pound-to-euro-pound-to-dollar-rising-inflation-fears

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