# Business Live: Pound heads for $1.30

> Sterling had its best month since September and was heading toward $1.30, while US first-quarter growth came in weak. France's economy grew 0.3% in the first quarter, below the 0.4% forecast, and the FTSE 100 closed lower.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/71727-business-live-pound-heads-for-1-30
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer pound and softer US growth reduce the cost of dollar-priced imports for UK buyers, but these are general macro moves with little direct effect on feed grain or protein prices.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-27 | [Pound hits over 1-week high - Business & Finance - Business Recorder](https://feedsoft.ai/events/45804-pound-hits-over-1-week-high-business-and-finance-business-recorder.md) | -0.9% | -0.0% |
| DXY | 2017-01-25 | [LDN - Business](https://feedsoft.ai/events/73236-ldn-business.md) | -0.7% | -0.7% |
| DXY | 2023-12-14 | [Pound hits $1.27 as Bank of England pushes back against rate cut predictions – business live \| Business \| The Guardian](https://feedsoft.ai/events/32949-pound-hits-1-27-as-bank-of-england-pushes-back-against-rate-cut-predictions.md) | -1.3% | -1.3% |
| DXY | 2026-01-28 | [Pound Near $1.38 Amid Broad Dollar Weakness](https://feedsoft.ai/events/21304-pound-near-1-38-amid-broad-dollar-weakness.md) | +0.4% | +0.3% |
| DXY | 2022-05-28 | [Dollar heads for weekly drop as traders pare Fed rate hike views - Business & Finance - Business Recorder](https://feedsoft.ai/events/41616-dollar-heads-for-weekly-drop-as-traders-pare-fed-rate-hike-views-business-and.md) | +0.0% | +2.0% |

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/live/business-39667718?page=5

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