# Pound Sterling bounces back after UK budget announcement, US data

> The pound rose above 1.3000 against the dollar ahead of Monday's US economic data, including Q3 GDP and October nonfarm payrolls. The dollar index revisited a near three-month high around 104.60.

- Date: 2024-10-30 · published 2024-10-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/28098-pound-sterling-bounces-back-after-uk-budget-announcement-us-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Dollar strength against sterling affects the UK cost of imported feed inputs priced in dollars. Expected Fed cuts and US data drive the dollar outlook.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-04-30 | [Pound Sterling flat vs USD as BoE decision and US PCE data loom](https://feedsoft.ai/events/19990-pound-sterling-flat-vs-usd-as-boe-decision-and-us-pce-data-loom.md) | -0.8% | -0.1% |
| DXY | 2017-02-03 | [Pound sterling falls below $1.25 after poor UK services figures \| The Independent \| The Independent](https://feedsoft.ai/events/72735-pound-sterling-falls-below-1-25-after-poor-uk-services-figures-the-independent.md) | +0.3% | +0.6% |
| DXY | 2021-09-16 | [Sterling slips versus stronger dollar after U.S. data beat](https://feedsoft.ai/events/45309-sterling-slips-versus-stronger-dollar-after-u-s-data-beat.md) | +0.6% | +1.1% |
| DXY | 2023-01-25 | [Sterling slips after data shows UK manufacturers cut prices \| Financial Post](https://feedsoft.ai/events/38019-sterling-slips-after-data-shows-uk-manufacturers-cut-prices-financial-post.md) | -0.1% | +1.5% |
| DXY | 2017-06-01 | [Dollar bounces back after strong U.S. private sector jobs report \| Reuters](https://feedsoft.ai/events/70726-dollar-bounces-back-after-strong-u-s-private-sector-jobs-report-reuters.md) | -0.4% | -1.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/pound-sterling-trades-with-caution-ahead-of-uk-autumn-budget-statement-202410300936

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