# Pound Slips on Stronger US Dollar

> Sterling fell toward $1.35, its weakest since August 19, as hawkish Fed remarks from chair Warsh supported the dollar. Brent crude later rose back above $100 a barrel as Iran intensified attacks in the Strait of Hormuz. Markets priced more than 100 basis points of BoE tightening by the end of next year.

- Date: 2026-08-28 · published 2026-08-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/18141-pound-slips-on-stronger-us-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger dollar and higher oil push up import costs and freight for feed ingredients priced in dollars. Hawkish Fed pricing also points to a firmer dollar index.

## Read by commodity

- DXY: bullish ▲
- BRENT: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-02 | [Oil slumps on economic data, stronger U.S. dollar](https://feedsoft.ai/events/37234-oil-slumps-on-economic-data-stronger-u-s-dollar.md) | +1.3% | +2.1% |
| DXY | 2021-09-16 | [Sterling slips versus stronger dollar after U.S. data beat](https://feedsoft.ai/events/45309-sterling-slips-versus-stronger-dollar-after-u-s-data-beat.md) | +0.6% | +1.1% |
| DXY | 2022-04-28 | [British Pound edges higher, US Dollar remains strong](https://feedsoft.ai/events/42088-british-pound-edges-higher-us-dollar-remains-strong.md) | +0.1% | -0.4% |
| DXY | 2023-02-28 | [Rand pressured by a stronger US dollar - Moneyweb](https://feedsoft.ai/events/37617-rand-pressured-by-a-stronger-us-dollar-moneyweb.md) | -0.7% | -0.9% |
| DXY | 2020-09-23 | [Corn ends lower on strong dollar](https://feedsoft.ai/events/11767-corn-ends-lower-on-strong-dollar.md) | +0.8% | -1.4% |
| BRENT | 2026-10-01 | [Rupee under pressure: Currency slips to 95.97 against US dollar](https://feedsoft.ai/events/17748-rupee-under-pressure-currency-slips-to-95-97-against-us-dollar.md) | +3.0% | +12.4% |
| BRENT | 2018-09-24 | [Goldman: Stronger dollar unlikely to derail bullish view on commodities \| Daily FT](https://feedsoft.ai/events/62956-goldman-stronger-dollar-unlikely-to-derail-bullish-view-on-commodities-daily-ft.md) | +4.9% | +1.6% |
| BRENT | 2019-02-01 | [Oil rises on strong US jobs data and falling rig count](https://feedsoft.ai/events/60760-oil-rises-on-strong-us-jobs-data-and-falling-rig-count.md) | -1.4% | +5.4% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/united-kingdom/currency/news/579168

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