# GBP/USD breaks below 1.3400 due to stronger US Dollar, BoE rate cut expectations — Octa

> GBP/USD fell below 1.3400, near 1.3390, as the dollar firmed ahead of the US PCE inflation release and Treasury yields rebounded. Markets are also pricing a likely Bank of England rate cut at its May meeting.

- Date: 2025-04-30 · published 2025-04-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/25377-gbp-usd-breaks-below-1-3400-due-to-stronger-us-dollar-boe-rate-cut-expectations
- 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 stronger dollar makes US commodities more expensive for non-US buyers, which can weigh on dollar-priced feed grains and soybean meal. The move is a routine currency shift with little direct effect on feed supply.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-01-31 | [Pound-to-Dollar Outlook: GBP/USD Exchange Rate Slides As US Payrolls Beat Expectations](https://feedsoft.ai/events/61331-pound-to-dollar-outlook-gbp-usd-exchange-rate-slides-as-us-payrolls-beat.md) | +0.1% | +0.4% |
| DXY | 2018-07-31 | [GBP/USD reverses BoE rate hike expectations bid - Scotiabank — Octa](https://feedsoft.ai/events/64273-gbp-usd-reverses-boe-rate-hike-expectations-bid-scotiabank-octa.md) | +0.6% | +0.6% |
| DXY | 2026-06-24 | [US dollar strengthens to 13-month high on Fed rate hike expectations \| Reuters](https://feedsoft.ai/events/11985-us-dollar-strengthens-to-13-month-high-on-fed-rate-hike-expectations-reuters.md) | -0.1% | -0.4% |
| DXY | 2022-06-20 | [US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa](https://feedsoft.ai/events/41145-us-dollar-to-remain-resilient-amid-the-re-pricing-higher-in-fed-s-rate.md) | -0.9% | +1.0% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1150982/

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