# Sterling unwinds most of BOE-inspired gains, but rates market does not - BBH — Octa

> Sterling fell from its September 20 peak near $1.3660 to about $1.3220, losing ground in nine of the past twelve sessions. BBH cited a broader dollar recovery, weak UK data and Brexit anxiety as drivers. Rate expectations stayed elevated, with the December short-sterling yield near 53 bp.

- Date: 2017-10-03 · published 2017-10-03T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/68722-sterling-unwinds-most-of-boe-inspired-gains-but-rates-market-does-not-bbh-octa
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling weakness against a firmer dollar raises the USD-based cost of UK-sourced feed inputs and imports. Grain prices are unaffected in the near term.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/496217/

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