# Sterling set for biggest monthly rise in more than a decade as dollar slides - Markets - Business Recorder

> Sterling was on track for its biggest monthly gain since 2009 as the dollar fell about 5% in July. The pound rose 0.5% to $1.3159, its highest since early March. Bank of America strategists expect sterling weakness in August to December.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52361-sterling-set-for-biggest-monthly-rise-in-more-than-a-decade-as-dollar-slides
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker dollar lifts dollar-priced commodities and tends to support export competitiveness for US grain, but the reported moves are currency-specific rather than a new supply or demand shock.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40009243

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