# Sterling sharpens decline to seven-month nadir versus dollar

> Sterling fell for a third straight session to a seven-month low against the dollar, with GBP/USD near 1.3080. The dollar index rose to an eleven-month peak of 95.24. Doubts about a Bank of England rate hike this year and Brexit risks weighed on the pound.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/64783-sterling-sharpens-decline-to-seven-month-nadir-versus-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

A firmer dollar index tends to pressure dollar-priced grains, oilseeds and meals, while a weaker pound can reduce UK demand for imported feed ingredients.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Sources

- economies.com: https://www.economies.com/forex/news/sterling-sharpens-decline-to-seven-month-nadir-versus-dollar-23470

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