# Sterling dips - Business & Finance - Business Recorder

> Sterling slipped against the dollar and euro as wider market unease, including a Wall Street retail-trading frenzy, boosted safe-haven currencies. The pound had held up better than most G10 peers that week, helped by UK vaccination progress. Analysts cautioned that the outperformance might not last.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49416-sterling-dips-business-and-finance-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Risk-off flows strengthening the dollar can pressure dollar-priced commodities, but the effect here is small. Sterling's move has little direct bearing on feed prices.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40057865

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