# Sterling rebounds - Markets - Business Recorder

> Sterling rebounded against the dollar on Tuesday after early losses following weaker-than-expected UK GDP data. Analysts attributed the move to end-of-quarter portfolio rebalancing, while Brexit trade deal fears continued to weigh on the pound.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/52869-sterling-rebounds-markets-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Routine currency commentary with no new cause for feed markets; sterling moves have negligible direct effect on feed ingredient prices.

## Sources

- brecorder.com: https://www.brecorder.com/news/40002089

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