# Pound hits over 1-week high - Business & Finance - Business Recorder

> Sterling rose about 0.5% to $1.3781 on Friday, its highest since August 18, after Fed Chair Powell's Jackson Hole remarks gave no firm timing for tapering and were read as more dovish than expected. The pound was set for a 1% weekly gain.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45804-pound-hits-over-1-week-high-business-and-finance-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The move is driven by dollar weakness rather than UK fundamentals, so it has little direct bearing on feed commodity prices; a softer dollar can modestly support dollar-priced grains and meal.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-29 | [Yuan firms on prospects for US rate cuts - Business & Finance - Business Recorder](https://feedsoft.ai/events/33389-yuan-firms-on-prospects-for-us-rate-cuts-business-and-finance-business-recorder.md) | +1.0% | -0.9% |
| DXY | 2020-08-18 | [C$ nears 7-month high; market awaits policy clues from new finance minister - Markets - Business Recorder](https://feedsoft.ai/events/51858-c-nears-7-month-high-market-awaits-policy-clues-from-new-finance-minister.md) | +0.1% | -1.0% |
| DXY | 2021-04-30 | [Dollar steadies in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/47821-dollar-steadies-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| DXY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2022-06-16 | [China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder](https://feedsoft.ai/events/41169-china-s-yuan-climbs-to-week-high-after-expected-fed-move-markets-business.md) | -0.7% | +1.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40116273

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