# Sterling advances towards $1.32 - Markets - Business Recorder

> Sterling advanced toward $1.32 on July 31 and was on track for its biggest monthly rise in over a decade as the dollar fell. The pound was at $1.3159, a level not seen since early March. Prime Minister Johnson said some lockdown easing would be delayed.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52363-sterling-advances-towards-1-32-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

A weaker dollar supports dollar-priced commodities, while delayed UK reopening adds to the economic drag on sterling.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40009324

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