# Pound-Dollar Rate Clocks Another Milestone but Underperformance Tipped to Resume

> The pound-to-dollar rate rose past the 200-week average in a ninth straight gain as investors sold the dollar. BofA forecasts a fall to 1.23 by end-September, citing seasonal weakness and Brexit talks. Dollar weakness is attributed to the Fed's policy, the pandemic, and the US election.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/52360-pound-dollar-rate-clocks-another-milestone-but-underperformance-tipped-to-resume
- 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 broad dollar sell-off supports dollar-priced commodities through a weaker dollar, but a forecast reversal would reduce that support.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-30 | [Is The Pound / Dollar Conversion Rate Tipped To Go Higher?](https://feedsoft.ai/events/70752-is-the-pound-dollar-conversion-rate-tipped-to-go-higher.md) | +0.3% | -1.9% |
| DXY | 2026-01-28 | [Fed holds rates with stocks at record highs, dollar under pressure, and Powell in the crosshairs \| Fortune](https://feedsoft.ai/events/20964-fed-holds-rates-with-stocks-at-record-highs-dollar-under-pressure-and-powell-in.md) | +0.4% | +0.3% |
| DXY | 2026-02-04 | [U.S. dollar rebound to be cut short by rate cut bets, doubts over Fed independence: Reuters poll \| Reuters](https://feedsoft.ai/events/20836-u-s-dollar-rebound-to-be-cut-short-by-rate-cut-bets-doubts-over-fed.md) | -0.4% | +0.9% |
| DXY | 2019-10-31 | [US Dollar Under "Significant Pressure" As Fed Make A Hawkish Cut And Tipped To Remain On Hold For The Remainder Of 2019 \| Exchange Rates UK](https://feedsoft.ai/events/56776-us-dollar-under-and-quot-significant-pressure-and-quot-as-fed-make-a-hawkish.md) | -0.1% | +0.8% |
| DXY | 2025-07-02 | [U.S. dollar to stay under pressure from tariff, debt and rate cut expectations](https://feedsoft.ai/events/23958-u-s-dollar-to-stay-under-pressure-from-tariff-debt-and-rate-cut-expectations.md) | +0.3% | +1.7% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/13800-dollar-bears-carry-sterling-across-rubicon-but-underperformance-forecast-to-resume

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