# Sterling has taken a pounding – but I’m looking to buy back in | MoneyWeek

> Sterling has fallen from about $1.43 in late January back to around $1.36, largely because of recent dollar strength and weak Bank of England rate expectations. The columnist says a buying opportunity may be near but not yet reached.

- Date: 2018-05-02 · published 2018-05-02T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/65258-sterling-has-taken-a-pounding-but-i-m-looking-to-buy-back-in-moneyweek
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Opinion on currency direction does not change supply or demand for feed commodities. The pound's move affects sterling costs of dollar-priced imports only indirectly.

## Read by commodity

- GBPUSD: neutral

## Sources

- moneyweek.com: https://moneyweek.com/487440/sterling-gbp-taken-a-pounding-but-im-looking-to-buy-back-in

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