# Pound slides to two-month low as dollar jumps and BoE holds rates | MarketScreener

> The pound fell to a two-month low as bets on US rate hikes lifted the dollar and the Bank of England held rates at 3.75%. Sterling dipped as much as 0.6% to $1.321.

- Date: 2026-06-18 · published 2026-06-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/19059-pound-slides-to-two-month-low-as-dollar-jumps-and-boe-holds-rates-marketscreener
- 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 dollar on Fed hike expectations lowers the local-currency cost of dollar-priced commodities for UK buyers and raises the cost for US-dollar importers abroad. The move is a currency-driven factor, not a direct supply change.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-05 | [U.S. dollar hits two-week high, pound slumps after BoE holds rates](https://feedsoft.ai/events/20865-u-s-dollar-hits-two-week-high-pound-slumps-after-boe-holds-rates.md) | -0.7% | +1.1% |
| DXY | 2026-06-24 | [Dollar hits 13-month high as rate-hike bets and stock selloff boost demand \| MarketScreener](https://feedsoft.ai/events/19013-dollar-hits-13-month-high-as-rate-hike-bets-and-stock-selloff-boost-demand.md) | -0.1% | -0.4% |
| DXY | 2026-09-10 | [Euro slips as dollar rises after ECB rate hike \| MarketScreener](https://feedsoft.ai/events/17698-euro-slips-as-dollar-rises-after-ecb-rate-hike-marketscreener.md) | +0.9% | +2.9% |
| DXY | 2026-03-20 | [Grains, oilseeds lower as dollar rises \| MarketScreener](https://feedsoft.ai/events/11694-grains-oilseeds-lower-as-dollar-rises-marketscreener.md) | +0.2% | -1.5% |
| DXY | 2026-06-18 | [British Pound hits fresh two-month lows sub-1.3220 as BoE stands pat on rates](https://feedsoft.ai/events/19061-british-pound-hits-fresh-two-month-lows-sub-1-3220-as-boe-stands-pat-on-rates.md) | +1.4% | +1.0% |

## Sources

- marketscreener.com: https://www.marketscreener.com/news/sterling-inches-higher-after-uk-jobs-figures-beat-expectations-ce7f5cddda8cf123

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