# Sterling falls against dollar - Business & Finance - Business Recorder

> The pound fell for a second straight day against a stronger dollar on March 30, as a spike in US Treasury yields pushed the dollar to a one-year high. Accelerating US vaccinations and expected US stimulus fed inflation expectations, while safe-haven demand grew after the collapse of Archegos Capital. Sterling was down 0.3% at $1.372 and euro-sterling briefly fell to 85.12 pence.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/48372-sterling-falls-against-dollar-business-and-finance-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer dollar lowers the dollar value of dollar-priced grains and feed ingredients for non-US buyers, while higher US yields tighten financial conditions. Price effects on feed markets are small.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40079440

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