# Sterling ticks up after enduring worst week since early August | Financial Post

> Sterling rose 0.2% to $1.2310 on Monday after a week of losses, shrugging off data showing a 0.2% quarterly contraction in UK GDP. Markets remained focused on Brexit developments and the Conservative party conference.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/57314-sterling-ticks-up-after-enduring-worst-week-since-early-august-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

With little sign of a Brexit resolution, currency swings remain driven by political risk rather than fundamentals relevant to feed demand. The impact on grain and meal prices is minimal.

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-ticks-up-after-enduring-worst-week-since-early-august

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