# Pound Sterling Strength against Euro & Dollar Leaves Analysts Perplexed

> Sterling rallied against the euro and dollar over the week despite falling stock markets and little Brexit news. The pound reached about 1.3141 against the dollar and rose to near five-month highs. Analysts said the move was puzzling and attributed part of it to broad dollar weakness.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/52359-pound-sterling-strength-against-euro-and-dollar-leaves-analysts-perplexed
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The move is mostly a currency story driven by dollar weakness, with limited direct effect on feed commodity prices beyond shifting import costs for UK buyers.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/13808-pound-to-euro-and-dollar-strength-leaves-analysts-baffled

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