# Sterling rises above $1.40; long positions at one-year high - Markets - Business Recorder

> Sterling crossed $1.40 for the first time since April 2018, with speculative long positions at a one-year high. The gains are linked to the UK's vaccine rollout and relief over avoiding a no-deal Brexit.

- Date: 2021-02-22 · published 2021-02-22T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/48883-sterling-rises-above-1-40-long-positions-at-one-year-high-markets-business
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency strength reflects UK economic recovery expectations and has little direct bearing on feed grain or meal prices.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40066630

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