# GBP/USD slides below 1.3780 as Fed hold lifts the Dollar

> GBP/USD fell below 1.3780 on Thursday after the Federal Reserve held rates at 3.50%-3.75% in a 10-2 vote, with Waller and Miran dissenting in favor of a cut. The Fed described the labor market as stabilizing, and the dollar index rose 0.65% to 96.40. Gold, silver and crypto also sold off.

- Date: 2026-01-29 · published 2026-01-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/21301-gbp-usd-slides-below-1-3780-as-fed-hold-lifts-the-dollar
- 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 after the Fed hold makes dollar-priced commodities more expensive for foreign buyers. Lower gold and risk assets point to broader pressure across commodity markets.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-27 | [Pound Slides As War Risks Lift The US Dollar - Finimize](https://feedsoft.ai/events/20432-pound-slides-as-war-risks-lift-the-us-dollar-finimize.md) | +0.1% | -1.4% |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |
| DXY | 2026-06-30 | [US dollar holds near 13-month high as yen's slide, Fed rate hike bets boost the greenback](https://feedsoft.ai/events/19010-us-dollar-holds-near-13-month-high-as-yen-s-slide-fed-rate-hike-bets-boost-the.md) | -0.1% | -0.3% |
| DXY | 2026-03-13 | [Yuan Holds Up As Risk-Off Lifts The Dollar - Finimize](https://feedsoft.ai/events/11471-yuan-holds-up-as-risk-off-lifts-the-dollar-finimize.md) | +0.3% | -0.8% |
| DXY | 2026-06-19 | [Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside](https://feedsoft.ai/events/11518-euro-steadies-as-the-us-dollar-eases-but-hawkish-fed-bets-limit-upside.md) | +0.4% | +0.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gbp-usd-slides-below-13780-as-fed-hold-lifts-the-dollar-202601291634

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