# Euro, sterling dip as investors assess rate outlook

> The euro fell 0.70% to $1.0913 after the ECB raised rates by 50 basis points and penciled in another hike of the same size. The Bank of England also raised rates 50 basis points but dropped its pledge to hike forcefully and said inflation had probably peaked.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37536-euro-sterling-dip-as-investors-assess-rate-outlook
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar on divergent central bank tones pressures dollar-priced grains and oilseeds, while the dovish BoE shift signals softer sterling-zone rate expectations.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-02 | [Sterling falls as interest rate outlook and strong dollar weigh](https://feedsoft.ai/events/37124-sterling-falls-as-interest-rate-outlook-and-strong-dollar-weigh.md) | +0.7% | -0.8% |
| DXY | 2018-03-29 | [Stronger Dollar To Pound Sterling Exchange Rate As US Growth Impresses Investors](https://feedsoft.ai/events/66236-stronger-dollar-to-pound-sterling-exchange-rate-as-us-growth-impresses-investors.md) | +0.1% | +1.6% |
| DXY | 2022-10-05 | [Dollar gains as investors see Fed stance likely unchanged; euro, sterling fall](https://feedsoft.ai/events/9335-dollar-gains-as-investors-see-fed-stance-likely-unchanged-euro-sterling-fall.md) | +1.6% | +0.9% |
| DXY | 2024-03-27 | [EUR/USD continues lower on diverging interest-rate outlook](https://feedsoft.ai/events/31419-eur-usd-continues-lower-on-diverging-interest-rate-outlook.md) | +0.2% | +1.4% |
| DXY | 2026-03-31 | [GBP/USD Faces Pressure as UK Stagflation Outlook Weighs on Sterling \| Investing.com](https://feedsoft.ai/events/20429-gbp-usd-faces-pressure-as-uk-stagflation-outlook-weighs-on-sterling-investing.md) | -0.7% | -2.3% |
| EURUSD | 2019-09-03 | [Sterling falls before Brexit vote, euro down on rate outlook](https://feedsoft.ai/events/12334-sterling-falls-before-brexit-vote-euro-down-on-rate-outlook.md) | +0.6% | -0.8% |
| EURUSD | 2022-10-05 | [Dollar gains as investors see Fed stance likely unchanged; euro, sterling fall](https://feedsoft.ai/events/9335-dollar-gains-as-investors-see-fed-stance-likely-unchanged-euro-sterling-fall.md) | -2.9% | -1.0% |
| EURUSD | 2024-03-27 | [EUR/USD continues lower on diverging interest-rate outlook](https://feedsoft.ai/events/31419-eur-usd-continues-lower-on-diverging-interest-rate-outlook.md) | -0.6% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-plunges-fed-says-disinflation-now-play-2023-02-02/?taid=63db503d1b86500001ace2c4

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