# Sterling slips vs dollar before BoE and Fed meetings

> Sterling fell 0.2% against the dollar to $1.2671 on Wednesday ahead of Bank of England and Federal Reserve policy decisions. The pound was on track to lose about 0.3% over the month. Analysts said markets were positioning before the meetings.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/32368-sterling-slips-vs-dollar-before-boe-and-fed-meetings
- 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 weaker pound against the dollar makes dollar-priced feed imports into the UK costlier in sterling terms. The move is small and reflects positioning rather than a change in fundamentals.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-11-02 | [More Losses Forecast for Pound Sterling vs. Euro and US Dollar by ABN Amro's Boele](https://feedsoft.ai/events/68242-more-losses-forecast-for-pound-sterling-vs-euro-and-us-dollar-by-abn-amro-s.md) | -0.1% | -1.5% |
| 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 | 2018-11-08 | [Euro dips after EU cuts Italian outlook; dollar up before Fed meeting \| Gold Eagle](https://feedsoft.ai/events/62244-euro-dips-after-eu-cuts-italian-outlook-dollar-up-before-fed-meeting-gold-eagle.md) | +1.0% | +1.2% |
| DXY | 2025-07-31 | [Pound Sterling slumps against US Dollar as traders pare Fed dovish bets](https://feedsoft.ai/events/24023-pound-sterling-slumps-against-us-dollar-as-traders-pare-fed-dovish-bets.md) | -0.7% | -0.6% |
| DXY | 2022-04-26 | [Dollar jumps on China growth fears, yen rebounds before BOJ meeting](https://feedsoft.ai/events/4948-dollar-jumps-on-china-growth-fears-yen-rebounds-before-boj-meeting.md) | +1.1% | +0.1% |

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/sterling-slips-versus-dollar-before-boe-and-fed-meetings/

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