# Sterling glides off seven-week high

> Sterling slipped from a seven-week high against the dollar on Tuesday as traders took profits ahead of the activation of Article 50. GBP/USD traded near 1.2504 after an intraday high of 1.2597.

- Date: 2017-03-28 · published 2017-03-28T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/72232-sterling-glides-off-seven-week-high
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Routine currency movement with no new fundamental shock, so it has little direct effect on feed commodity prices.

## Sources

- economies.com: https://www.economies.com/forex/gbp-usd-news/sterling-glides-off-seven-week-high-19331

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