# Sterling recovers ground against dollar, eyes on BoE's Broadbent speech - Markets - Business Recorder

> Sterling recovered against the dollar after four sessions of losses as the greenback eased from a rally driven by rising US Treasury yields. The pound traded near $1.3549 ahead of a BoE deputy governor's speech on COVID and consumer spending. Strategists were optimistic on sterling's near-term prospects.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49419-sterling-recovers-ground-against-dollar-eyes-on-boe-s-broadbent-speech-markets
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The dollar's movement against sterling has little direct effect on feed grain or meal prices. This is routine currency commentary.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40050294

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