# Strong January Sets Pound Sterling up for a Year of Gains Against the Dollar and Euro

> Sterling gained against all of the world's top 20 currencies in January 2018, rising nearly 5% against the dollar and 1.84% against the euro. Investec raised its sterling forecasts, arguing that a strong January has historically signalled further gains through the year. The firm cautioned that Brexit talks and Conservative party problems remain downside risks.

- Date: 2018-01-31 · published 2018-01-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/67236-strong-january-sets-pound-sterling-up-for-a-year-of-gains-against-the-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A sustained stronger pound against the dollar and euro would reduce the local-currency cost of dollar-priced feed imports into the UK, but the link to grain prices is indirect.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/8420-gbp-to-eur-and-usd-uptrend-carney-house-of-lords

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