# Sterling settles near two-month low versus dollar

> Sterling traded near two-month lows against the dollar ahead of UK manufacturing data. The pound had fallen 1.9% in April as chances of a May Bank of England rate hike dropped after weak data.

- Date: 2018-05-01 · published 2018-05-01T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/65256-sterling-settles-near-two-month-low-versus-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weaker sterling on softer rate expectations raises the sterling cost of dollar-priced feed imports. This is routine currency commentary with no new grain-market cause.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- economies.com: https://www.economies.com/forex/news/sterling-settles-near-two-month-low-versus-dollar-22878

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