# Pound Slumps to Fresh Two-year Lows against Dollar

> GBP/USD fell to a new two-year low near 1.1750 as renewed dollar buying followed a surge in European gas prices and falling global stock markets. The move took sterling to levels last seen in March 2020, and traders are focused on the Jackson Hole symposium.

- Date: 2022-09-01 · published 2022-09-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40290-pound-slumps-to-fresh-two-year-lows-against-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven dollar strength driven by the European energy crisis raises dollar-priced import costs for buyers outside the US. Its direct effect on feed commodities is small.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | -0.1% | -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 | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | +1.6% | +1.1% |
| DXY | 2022-09-28 | [Aussie dollar slumps to three-year lows, below US65c - Sheep Central](https://feedsoft.ai/events/39841-aussie-dollar-slumps-to-three-year-lows-below-us65c-sheep-central.md) | -1.8% | -1.5% |
| DXY | 2020-03-19 | [FOREX-Euro plunges to three-year lows as dollar demand jumps](https://feedsoft.ai/events/6270-forex-euro-plunges-to-three-year-lows-as-dollar-demand-jumps.md) | +0.5% | -0.9% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/17425-pound-to-dollar-rate-slumps-to-fresh-two-year-lows-jackson-hole-watched

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