# BoE & Fed Interest Rate Expectations Affect Sterling Performance

> Sterling was little changed on the last trading day of 2024 at $1.2554, on track to be the best major currency against the dollar for the year. The pound fell more than 6% in the fourth quarter as the Fed took a tougher stance and UK growth weakened.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/27203-boe-and-fed-interest-rate-expectations-affect-sterling-performance
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of roughly two BoE cuts and a firmer dollar keep currency-driven pressure on dollar-priced commodity import costs, but no single shock is evident.

## Sources

- economystandard.com: https://economystandard.com/steady-sterling-on-track-for-best-g10-performance-against-dollar-in-2024/

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