# Sterling surge in unusually high volumes stumps traders

> Sterling jumped about 150 pips in seven minutes around the 1500 GMT daily FX benchmark window on July 28, rising from $1.3840 to $1.3890. Hourly trading volumes reached five times the weekly average, according to Refinitiv data.

- Date: 2021-07-28 · published 2021-07-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46305-sterling-surge-in-unusually-high-volumes-stumps-traders
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The move is a currency-market event with no agricultural link; for feed buyers it has negligible effect on grain or meal prices.

## Sources

- reuters.com: https://www.reuters.com/business/finance/sterling-surge-unusually-high-volumes-stumps-traders-2021-07-28/?taid=6101c685afcfee00019ad7fd

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