# Pound-Dollar Rate Higher amid Strong Demand for UK Gov's Debt as Analysts Eye 1.40 and Above

> Sterling tested chart resistance near 1.37 as a better-than-expected UK jobs report and strong demand for a 30-year gilt auction supported the pound. Analysts said gains could lift it above 1.40 in the weeks ahead. The UK's vaccine rollout was cited as supporting the recovery.

- Date: 2021-01-26 · published 2021-01-26T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49418-pound-dollar-rate-higher-amid-strong-demand-for-uk-gov-s-debt-as-analysts-eye-1
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency strength in sterling has only an indirect effect on feed commodity prices. It is not a meaningful driver for feed buyers.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/14906-pound-dollar-rate-aided-by-strong-demand-for-uk-government-debt-as-analysts-eye-new-highs

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