# Sterling rises as Fed keeps lid on US rates

> Sterling rose after the Federal Reserve kept US interest rates unchanged. The headline gives no further detail on the Fed's policy stance or the size of the move.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52364-sterling-rises-as-fed-keeps-lid-on-us-rates
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Steady Fed rates keep the dollar's yield advantage limited, which can support a weaker dollar and firmer dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-01 | [Sterling keeps rising after the Bank of England raised the bar on rate cuts](https://feedsoft.ai/events/21759-sterling-keeps-rising-after-the-bank-of-england-raised-the-bar-on-rate-cuts.md) | +0.3% | -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 | 2025-06-27 | [Sterling keeps climbing on struggling dollar](https://feedsoft.ai/events/24475-sterling-keeps-climbing-on-struggling-dollar.md) | -0.3% | +0.3% |
| DXY | 2024-09-19 | [Sterling rises vs dollar after Fed; BoE in focus \| Reuters](https://feedsoft.ai/events/28566-sterling-rises-vs-dollar-after-fed-boe-in-focus-reuters.md) | -0.1% | +2.1% |
| DXY | 2025-12-18 | [GBP/USD firm as BoE rate cut lifts Sterling, soft CPI weighs on Dollar](https://feedsoft.ai/events/21760-gbp-usd-firm-as-boe-rate-cut-lifts-sterling-soft-cpi-weighs-on-dollar.md) | -0.6% | -0.1% |

## Sources

- thetimes.com: https://www.thetimes.com/world/us-world/article/sterling-rises-as-fed-keeps-lid-on-us-rates-8bfft3jtb

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