# Sterling rises above $1.27; driven by dollar moves

> Sterling rose above $1.27 on June 9 mainly because the US dollar weakened, not because of UK-specific news. The pound hit a three-month high in overnight trading as countries eased coronavirus lockdowns and safe-haven demand for the dollar eased.

- Date: 2020-06-09 · published 2020-06-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/52871-sterling-rises-above-1-27-driven-by-dollar-moves
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar-driven moves in cable reflect global risk appetite; the effect on feed commodity prices is indirect and minor.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-31 | [Sterling retreats from two-week high, driven by dollar](https://feedsoft.ai/events/45809-sterling-retreats-from-two-week-high-driven-by-dollar.md) | -0.2% | +0.9% |
| DXY | 2018-06-20 | [Dollar retreats from 11-month high; sterling rises after BOE](https://feedsoft.ai/events/64786-dollar-retreats-from-11-month-high-sterling-rises-after-boe.md) | -0.3% | -0.3% |
| DXY | 2024-09-19 | [Sterling rises vs dollar after Fed; BoE in focus \| Reuters](https://feedsoft.ai/events/28566-sterling-rises-vs-dollar-after-fed-boe-in-focus-reuters.md) | -0.1% | +2.1% |
| 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 | 2023-08-30 | [Dollar steadies after data-driven fall \| Convera](https://feedsoft.ai/events/34818-dollar-steadies-after-data-driven-fall-convera.md) | +1.3% | +2.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/06/09/forex-markets-us-dollar-japanese-yen-federal-reserve-in-focus.html

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