# Sterling rebounds against dollar, euro on bets for tighter BoE policy | Financial News

> The pound rebounded from multi-month lows against the dollar and euro as investors priced in tighter Bank of England policy. Markets priced an 85% chance of a November BoE hike, and the pound was still on track for a fall of over 2% in September. Oil and UK gas prices rose more than 3% after Trump rejected an Iranian proposal to reopen the Strait of Hormuz.

- Date: 2026-09-28 · published 2026-09-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/17737-sterling-rebounds-against-dollar-euro-on-bets-for-tighter-boe-policy-financial
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rate-hike bets widen the UK-US rate gap and support sterling, while energy-driven inflation pressure keeps the rate outlook tight. Higher energy prices also raise freight and fertilizer costs for feed supply chains.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-03-05 | [Latam FX struggle against buoyant dollar; Surging oil lifts Colombian peso \| Financial Post](https://feedsoft.ai/events/48397-latam-fx-struggle-against-buoyant-dollar-surging-oil-lifts-colombian-peso.md) | +3.5% | -3.8% |
| WTI | 2021-02-02 | [Canadian dollar beats G10 rivals on rising U.S. stimulus hopes \| Financial Post](https://feedsoft.ai/events/48900-canadian-dollar-beats-g10-rivals-on-rising-u-s-stimulus-hopes-financial-post.md) | +8.2% | +11.5% |
| WTI | 2017-11-09 | [Will the Canadian dollar become a petrocurrency again? \| Financial Post](https://feedsoft.ai/events/68199-will-the-canadian-dollar-become-a-petrocurrency-again-financial-post.md) | -2.7% | -0.4% |
| WTI | 2021-11-10 | [Canadian dollar outperforms G10 peers as oil clings to recent gains \| Financial Post](https://feedsoft.ai/events/44267-canadian-dollar-outperforms-g10-peers-as-oil-clings-to-recent-gains-financial.md) | -4.0% | -13.9% |
| WTI | 2021-01-19 | [Canadian dollar gains as stimulus hopes boost Wall Street \| Financial Post](https://feedsoft.ai/events/49373-canadian-dollar-gains-as-stimulus-hopes-boost-wall-street-financial-post.md) | +0.9% | +14.9% |
| BRENT | 2021-03-05 | [Latam FX struggle against buoyant dollar; Surging oil lifts Colombian peso \| Financial Post](https://feedsoft.ai/events/48397-latam-fx-struggle-against-buoyant-dollar-surging-oil-lifts-colombian-peso.md) | +3.7% | -4.0% |
| BRENT | 2018-07-03 | [Rupee tanks to new 5-year low against US dollar: 5 key reasons - Market News \| The Financial Express](https://feedsoft.ai/events/64317-rupee-tanks-to-new-5-year-low-against-us-dollar-5-key-reasons-market-news-the.md) | +0.7% | -2.6% |
| BRENT | 2021-11-10 | [Canadian dollar outperforms G10 peers as oil clings to recent gains \| Financial Post](https://feedsoft.ai/events/44267-canadian-dollar-outperforms-g10-peers-as-oil-clings-to-recent-gains-financial.md) | -2.4% | -10.8% |

## Sources

- lse.co.uk: https://www.lse.co.uk/news/sterling-rebounds-against-dollar-euro-on-bets-for-tighter-boe-policy-ayy1rnjdkbs3a6m.html

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