# Sterling drops as dollar lifted by Fed chair speculation | Reuters

> The pound fell about 0.56% to $1.3742 against the dollar on Friday as the greenback gained on expectations that Kevin Warsh would be named the next Fed chair. Sterling was steady against the euro at about 86.70 pence. Markets were also looking ahead to the Bank of England meeting the following week, where a hold is widely expected.

- Date: 2026-01-30 · published 2026-01-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/21298-sterling-drops-as-dollar-lifted-by-fed-chair-speculation-reuters
- 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 leadership expectations weakens dollar-priced commodities and can support US export competitiveness. The effect on feed prices is indirect and limited, given the modest currency move.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-17 | [Dollar rises with bets on hawkish Fed; sterling drops \| Reuters](https://feedsoft.ai/events/38594-dollar-rises-with-bets-on-hawkish-fed-sterling-drops-reuters.md) | +0.4% | -0.6% |
| DXY | 2020-05-11 | [Sterling dips as rising US yields lift dollar](https://feedsoft.ai/events/53388-sterling-dips-as-rising-us-yields-lift-dollar.md) | +0.9% | -3.2% |
| DXY | 2026-07-23 | [Malaysia's Currency Dips as Dollar Strengthens on Fed Rate Speculation](https://feedsoft.ai/events/18627-malaysia-s-currency-dips-as-dollar-strengthens-on-fed-rate-speculation.md) | +0.2% | -1.9% |
| DXY | 2023-07-31 | [Dollar gains after Fed loan survey, yen slips By Reuters](https://feedsoft.ai/events/35219-dollar-gains-after-fed-loan-survey-yen-slips-by-reuters.md) | +0.9% | +2.3% |
| DXY | 2025-09-19 | [Dollar extends post-Fed rebound; sterling hit by fiscal worries \| Reuters](https://feedsoft.ai/events/23081-dollar-extends-post-fed-rebound-sterling-hit-by-fiscal-worries-reuters.md) | +0.7% | +0.9% |

## Sources

- reuters.com: https://www.reuters.com/world/uk/sterling-drops-dollar-lifted-by-fed-chair-speculation-2026-01-30/

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