# Why Is the Pound to Dollar Exchange Rate Rising? - Business Insider

> Sterling rose almost 1% against the dollar after Spanish and Dutch finance ministers agreed to push for a Brexit deal that keeps Britain as close to the EU as possible. The article notes that news suggesting a softer Brexit has repeatedly strengthened the pound.

- Date: 2018-01-29 · published 2018-01-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/67234-why-is-the-pound-to-dollar-exchange-rate-rising-business-insider
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Softer Brexit expectations have been lifting sterling, which affects the currency cost of UK feed imports priced in dollars. The effect on grain and feed prices is indirect.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- businessinsider.com: https://www.businessinsider.com/pound-to-dollar-exchange-rate-rising-2018-1

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