# GBP/USD hits seven-month low as UK fiscal woes, Fed hawkishness weigh

> GBP/USD fell to a seven-month low of 1.3097 on Friday amid UK fiscal worries before the November budget. The move came as Fed officials sounded hawkish and CME FedWatch odds of a December cut fell to 63% from above 90% a week earlier.

- Date: 2025-10-31 · published 2025-10-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/22675-gbp-usd-hits-seven-month-low-as-uk-fiscal-woes-fed-hawkishness-weigh
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced Fed easing expectations support the dollar against sterling and other currencies, which affects the dollar cost of imported feed ingredients for UK buyers. The shift in rate-cut odds is the main driver of the currency move.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-19 | [South Korean won hits 15-year low as hawkish Fed, domestic politics weigh](https://feedsoft.ai/events/27186-south-korean-won-hits-15-year-low-as-hawkish-fed-domestic-politics-weigh.md) | +0.5% | +1.4% |
| DXY | 2021-06-17 | [South Africa's rand hits one-month low on hawkish Fed, stocks fall - Markets - Business Recorder](https://feedsoft.ai/events/46878-south-africa-s-rand-hits-one-month-low-on-hawkish-fed-stocks-fall-markets.md) | +1.1% | +1.7% |
| DXY | 2024-11-11 | [Euro hits near 7-month low vs dollar as tariff worries weigh \| Reuters](https://feedsoft.ai/events/7555-euro-hits-near-7-month-low-vs-dollar-as-tariff-worries-weigh-reuters.md) | +0.8% | +1.1% |
| DXY | 2023-02-17 | [S.Korean won near 2-month low as US data fans Fed hike views - KED Global](https://feedsoft.ai/events/37544-s-korean-won-near-2-month-low-as-us-data-fans-fed-hike-views-ked-global.md) | +0.9% | +0.9% |
| DXY | 2026-06-19 | [Dollar index hits 13-month high on hawkish Fed, shaky Middle East outlook](https://feedsoft.ai/events/11519-dollar-index-hits-13-month-high-on-hawkish-fed-shaky-middle-east-outlook.md) | +0.4% | +0.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gbp-usd-falls-to-seven-month-low-amid-uk-fiscal-concerns-fed-hawkish-tone-202510311800

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