# Sterling rises to 5-month high - Markets - Business Recorder

> Sterling rose to a five-month high of $1.3184 against the dollar after the Bank of England struck a less pessimistic tone on the economy and did not signal negative rates. The pound had gained about 8% against the dollar since July.

- Date: 2020-08-06 · published 2020-08-06T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/51867-sterling-rises-to-5-month-high-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The BoE's reduced dovishness and the weaker dollar are currency-only drivers with no direct feed price transmission.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2020-08-19 | [Sterling unfazed by higher inflation, still driven by dollar - Markets - Business Recorder](https://feedsoft.ai/events/51862-sterling-unfazed-by-higher-inflation-still-driven-by-dollar-markets-business.md) | +0.2% | -1.0% |
| DXY | 2020-08-05 | [Yuan finishes domestic trade near 5-month high, recoups 2020 losses - Markets - Business Recorder](https://feedsoft.ai/events/51843-yuan-finishes-domestic-trade-near-5-month-high-recoups-2020-losses-markets.md) | -0.3% | -1.9% |
| DXY | 2021-01-21 | [Yuan rises to 1-week high on weaker dollar, tighter cash conditions - Markets - Business Recorder](https://feedsoft.ai/events/49362-yuan-rises-to-1-week-high-on-weaker-dollar-tighter-cash-conditions-markets.md) | +0.6% | +0.6% |
| DXY | 2020-08-18 | [C$ nears 7-month high; market awaits policy clues from new finance minister - Markets - Business Recorder](https://feedsoft.ai/events/51858-c-nears-7-month-high-market-awaits-policy-clues-from-new-finance-minister.md) | +0.1% | -1.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40010399

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