# Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief

> Sterling extended its weekly gains against the euro and dollar after the Federal Reserve raised rates by 75 basis points and signaled no acceleration in its hiking pace. Stock markets rallied on relief that the Fed did not double down on inflation. The dollar fell on the more measured outlook for further hikes.

- Date: 2022-07-28 · published 2022-07-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/40759-pound-sterling-extends-gains-against-euro-and-dollar-on-post-fed-relief
- 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 softer dollar and firmer risk sentiment can support dollar-priced commodities, though the link to feed supply and prices is indirect.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |
| DXY | 2022-09-28 | [Sterling, euro rally against dollar after Bank of England buys UK bonds](https://feedsoft.ai/events/39830-sterling-euro-rally-against-dollar-after-bank-of-england-buys-uk-bonds.md) | -1.8% | -1.5% |
| DXY | 2025-08-28 | [Pound Sterling rises against US Dollar as Fed Willians hints potential rate cuts](https://feedsoft.ai/events/23594-pound-sterling-rises-against-us-dollar-as-fed-willians-hints-potential-rate-cuts.md) | +0.0% | -0.2% |
| DXY | 2024-08-27 | [Pound hits two-year high on dollar, gains on euro \| Reuters](https://feedsoft.ai/events/29066-pound-hits-two-year-high-on-dollar-gains-on-euro-reuters.md) | +0.9% | -0.5% |
| DXY | 2025-06-26 | [Dollar drops to lowest since 2021 against euro, sterling](https://feedsoft.ai/events/24414-dollar-drops-to-lowest-since-2021-against-euro-sterling.md) | -0.9% | -0.6% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/17313-pound-to-euro-and-dollar-up-post-fed

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