# Pound Sterling rises against USD after Trump's Treasury Secretary nomination

> Sterling rose against the dollar after Donald Trump named Scott Bessent as Treasury Secretary, with the dollar weakening on the news. Markets expect a slow and shallow BoE easing cycle, and UK retail sales and PMI data had weakened the pound earlier in the week.

- Date: 2024-11-25 · published 2024-11-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/27646-pound-sterling-rises-against-usd-after-trump-s-treasury-secretary-nomination
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar on US policy appointments can modestly support dollar-denominated commodity prices, while the sterling move mainly reflects BoE expectations rather than feed supply or demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-28 | [Pound Sterling rises against US Dollar as Fed Willians hints potential rate cuts](https://feedsoft.ai/events/23594-pound-sterling-rises-against-us-dollar-as-fed-willians-hints-potential-rate-cuts.md) | +0.0% | -0.2% |
| DXY | 2022-10-25 | [Pound surges against dollar after US house price shock](https://feedsoft.ai/events/39397-pound-surges-against-dollar-after-us-house-price-shock.md) | -0.3% | -3.0% |
| DXY | 2024-11-25 | [Dollar eases as Treasuries rally on Bessent Treasury nomination \| Reuters](https://feedsoft.ai/events/27608-dollar-eases-as-treasuries-rally-on-bessent-treasury-nomination-reuters.md) | -0.3% | +0.7% |
| DXY | 2022-07-28 | [Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief](https://feedsoft.ai/events/40759-pound-sterling-extends-gains-against-euro-and-dollar-on-post-fed-relief.md) | -0.3% | +0.2% |
| DXY | 2016-11-09 | [Pound sterling value: What happens now Donald Trump has won the US election? \| The Independent \| The Independent](https://feedsoft.ai/events/74078-pound-sterling-value-what-happens-now-donald-trump-has-won-the-us-election-the.md) | +3.1% | +3.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/pound-sterling-rises-as-traders-expect-boe-to-follow-gradual-policy-easing-path-202411250801

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