# Pound on track for fourth week of gains against dollar

> Sterling was down 0.2% against the dollar at $1.4178 on May 28, after hitting $1.4220 the previous day. It remained on track for a fourth straight weekly gain against the dollar. Analysts said the market had reacted only to the hawkish scenario in Vlieghe's comments.

- Date: 2021-06-01 · published 2021-06-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/47346-pound-on-track-for-fourth-week-of-gains-against-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling's sustained gains reflect expectations of earlier BoE tightening, which shift currency-driven import costs for UK feed buyers. Grain price effects are negligible.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- m.economictimes.com: https://m.economictimes.com/markets/forex/pound-on-track-for-fourth-week-of-gains-against-dollar/articleshow/83038575.cms

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