# Sterling rises above $1.37 for first time since 2018; UK inflation rises | Financial Post

> Sterling rose above $1.37 for the first time since 2018 as risk appetite improved and the pound gained on UK-specific optimism. The move was attributed to relief that Brexit had not caused chaos and to reduced expectations of negative rates. Janet Yellen's call for big spending weakened the dollar.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49417-sterling-rises-above-1-37-for-first-time-since-2018-uk-inflation-rises
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker dollar tends to support dollar-denominated commodity prices, but the currency move is a weak signal for feed markets. The main drivers are macro rather than agricultural.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-rises-above-1-37-for-first-time-since-2018-uk-inflation-rises

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