# Pound surges against dollar after US house price shock

> Sterling jumped about 1.9% to $1.1487 against the dollar after S&P data showed US house price growth slowed to 13% in the 12 months to August, the sharpest slowdown on record. Economists had expected 14.4%, and they blamed the Federal Reserve's rate increases for pricing buyers out of the market.

- Date: 2022-10-25 · published 2022-10-25T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39397-pound-surges-against-dollar-after-us-house-price-shock
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker dollar on softer US housing data tends to support dollar-priced commodities such as grains and oilseeds, while a slowing US economy could also reduce demand expectations.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-11-09 | [Ringgit surges against US dollar at close \| Malay Mail](https://feedsoft.ai/events/50409-ringgit-surges-against-us-dollar-at-close-malay-mail.md) | -0.1% | -1.7% |
| DXY | 2017-07-27 | [No Rate Hike by US Fed, Rupee Surges against Dollar - AxisDirect](https://feedsoft.ai/events/70276-no-rate-hike-by-us-fed-rupee-surges-against-dollar-axisdirect.md) | -0.6% | -0.5% |
| DXY | 2025-12-01 | [Dollar edges up against dong](https://feedsoft.ai/events/22246-dollar-edges-up-against-dong.md) | -0.3% | -1.2% |
| DXY | 2024-08-23 | [Pound Rises to Strongest in Over Two Years Against the US Dollar - Bloomberg](https://feedsoft.ai/events/29067-pound-rises-to-strongest-in-over-two-years-against-the-us-dollar-bloomberg.md) | -0.1% | -0.8% |
| DXY | 2023-04-28 | [Ringgit Opens Higher Against US dollar](https://feedsoft.ai/events/36679-ringgit-opens-higher-against-us-dollar.md) | -0.3% | +1.2% |

## Sources

- telegraph.co.uk: https://www.telegraph.co.uk/business/2022/10/25/markets-ftse-100-live-news-pound-bank-england/

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