# Sterling bounces off two-year low on euro, soft on dollar

> Sterling briefly hit a two-year low against the euro on July 28, 2025, before rebounding, and dipped against the dollar to $1.34185. Moves were tied to the EU-US trade deal announcement, while investors remained divided on the pace of future Bank of England cuts.

- Date: 2025-07-28 · published 2025-07-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/24026-sterling-bounces-off-two-year-low-on-euro-soft-on-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

Currency swings tied to trade deal news can shift the relative pricing of US and European feed ingredients, though the effect on commodity prices is limited.

## Read by commodity

- DXY: neutral
- GBPUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-08-24 | [Dollar and sterling concerns](https://feedsoft.ai/events/69722-dollar-and-sterling-concerns.md) | -0.4% | -0.8% |
| DXY | 2016-10-13 | [Dollar stalls, yuan hits 6-year low on Chinese trade dip](https://feedsoft.ai/events/5888-dollar-stalls-yuan-hits-6-year-low-on-chinese-trade-dip.md) | -0.6% | +0.8% |
| DXY | 2020-07-28 | [Euro off two-year highs before Fed meeting \| Financial Post](https://feedsoft.ai/events/52333-euro-off-two-year-highs-before-fed-meeting-financial-post.md) | +0.4% | -0.4% |
| DXY | 2024-06-19 | [Dollar struggles for direction, euro close to 1-1/2-month low](https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low.md) | +0.2% | -1.0% |
| DXY | 2019-03-06 | [Exchange & Interest Rate Forecasts For Euro, Dollar And Pound Sterling: ING](https://feedsoft.ai/events/60348-exchange-and-amp-interest-rate-forecasts-for-euro-dollar-and-pound-sterling-ing.md) | +0.1% | +0.3% |

## Sources

- uk.finance.yahoo.com: https://uk.finance.yahoo.com/news/sterling-bounces-off-two-low-104039283.html

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