# Sterling dips as rising US yields lift dollar

> Sterling dipped against the dollar as rising US 10-year Treasury yields boosted demand for the dollar. Investors were cautious about the UK's gradual lockdown easing, and short positioning on sterling increased.

- Date: 2020-05-11 · published 2020-05-11T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/53388-sterling-dips-as-rising-us-yields-lift-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US yields strengthen the dollar and pressure sterling-linked prices, which can affect the competitiveness of US feed and grain exports to the UK.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |
| DXY | 2018-04-19 | [Dollar Rises With Higher U.S. Yields, Sterling Slumps - Babypips.com](https://feedsoft.ai/events/65767-dollar-rises-with-higher-u-s-yields-sterling-slumps-babypips-com.md) | +2.1% | +3.9% |
| DXY | 2026-01-30 | [Sterling drops as dollar lifted by Fed chair speculation \| Reuters](https://feedsoft.ai/events/21298-sterling-drops-as-dollar-lifted-by-fed-chair-speculation-reuters.md) | +0.9% | +0.3% |
| DXY | 2023-10-25 | [Dollar up as risk sentiment sours, Treasury yields rise \| Reuters](https://feedsoft.ai/events/33816-dollar-up-as-risk-sentiment-sours-treasury-yields-rise-reuters.md) | +0.2% | -2.4% |
| DXY | 2019-03-04 | [US dollar extends rising streak even as euro slips - The Business Times](https://feedsoft.ai/events/60270-us-dollar-extends-rising-streak-even-as-euro-slips-the-business-times.md) | +0.7% | +0.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/05/11/forex-markets-coronavirus-economies-reopening-in-focus.html

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