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Sterling fell against the dollar after Fed Chair Jerome Powell took a cautious stance on further rate cuts, giving the dollar a modest lift. The pound was down 0.35% at $1.34795 and had lost 1% over the prior week.
Markets were pricing little chance of Bank of England rate cuts before March due to persistent UK price pressures.
Expectations of fewer Fed cuts support the dollar, which tends to weigh on dollar-priced commodities, while UK rate expectations shape sterling and import costs.
reuters.comAmanda CooperOct 1, 2025After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
