# Dollar rebounds, sterling slumps, as market resets rate expectations

> The dollar rebounded and sterling fell about 1.3% to $1.3502 after the Bank of England kept rates unchanged at 0.1%, its weakest against the dollar since October 1. The Fed's policy signals had initially lifted the dollar. The BoE kept the prospect of tighter policy alive.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/44289-dollar-rebounds-sterling-slumps-as-market-resets-rate-expectations
- 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 firmer dollar tends to weigh on US dollar-denominated grain, oilseed and meal prices and makes US exports dearer for UK and European buyers. The effect on feed prices from this sterling move is small.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-04 | [FOREX-Dollar ascendant; sterling slumps on lower rate expectations, bleak outlook](https://feedsoft.ai/events/38920-forex-dollar-ascendant-sterling-slumps-on-lower-rate-expectations-bleak-outlook.md) | -2.7% | -4.3% |
| DXY | 2022-06-28 | [Euro dips as markets manage expectations of ECB rate hikes \| Reuters](https://feedsoft.ai/events/41157-euro-dips-as-markets-manage-expectations-of-ecb-rate-hikes-reuters.md) | +2.0% | +2.2% |
| DXY | 2023-04-17 | [Dollar rebounds on higher expectations for Fed hike in May \| IBTimes UK](https://feedsoft.ai/events/36609-dollar-rebounds-on-higher-expectations-for-fed-hike-in-may-ibtimes-uk.md) | +0.4% | +0.4% |
| DXY | 2022-11-17 | [Commodities slump as dollar rebounds](https://feedsoft.ai/events/38596-commodities-slump-as-dollar-rebounds.md) | +0.4% | -0.6% |
| DXY | 2022-10-31 | [Dollar gains on Fed rate hike expectations](https://feedsoft.ai/events/39325-dollar-gains-on-fed-rate-hike-expectations.md) | -0.1% | -2.8% |

## Sources

- reuters.com: https://www.reuters.com/business/dollar-rebounds-investors-buy-post-fed-dip-2021-11-04/?taid=618450e284aa770001193fc5

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