# Pound Sterling declines to near 1.3200 with US PCE inflation on horizon

> The pound fell toward 1.3200 against the dollar, retreating from a more-than-two-year high of 1.3266 as the dollar recovered some ground. Traders were focused on the US core PCE inflation data due Friday, with economists expecting annual core inflation to rise to 2.7%, and markets were pricing a likely September Fed cut.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/29070-pound-sterling-declines-to-near-1-3200-with-us-pce-inflation-on-horizon
- 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 firmer dollar ahead of key US inflation data can pressure dollar-priced commodities, while the outlook for Fed easing still supports a softer dollar over the medium term.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-19 | [Dollar gains with Treasury yields, sterling tumbles on hot inflation](https://feedsoft.ai/events/39400-dollar-gains-with-treasury-yields-sterling-tumbles-on-hot-inflation.md) | -0.4% | -3.6% |
| 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 | 2025-08-27 | [AUD/USD slides to near 0.6470 as US Dollar gains, PCE Inflation in focus](https://feedsoft.ai/events/23571-aud-usd-slides-to-near-0-6470-as-us-dollar-gains-pce-inflation-in-focus.md) | -0.0% | -0.3% |
| DXY | 2025-07-31 | [US Dollar Index trades near 100.00, inches lower ahead of PCE inflation data](https://feedsoft.ai/events/23956-us-dollar-index-trades-near-100-00-inches-lower-ahead-of-pce-inflation-data.md) | -0.7% | -0.6% |
| DXY | 2024-10-16 | [US dollar rallies on Fed outlook, potential Trump win; inflation weighs on pound](https://feedsoft.ai/events/28053-us-dollar-rallies-on-fed-outlook-potential-trump-win-inflation-weighs-on-pound.md) | +0.7% | +2.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/pound-sterling-falls-from-fresh-highs-as-focus-shifts-to-us-core-pce-inflation-202408280723

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