# Pound-Dollar Rate Aims for the Stars after Federal Reserve Swerves Onto Main Street

> Sterling rose about 1.4% to as high as 1.2650 against the dollar after the Federal Reserve expanded its Main Street Lending Program. Technical analysts flagged the 200-day moving average and resistance near 1.2818.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/53873-pound-dollar-rate-aims-for-the-stars-after-federal-reserve-swerves-onto-main
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Fed liquidity measures weaken the dollar, which can support dollar-priced commodities, though the link to feed prices is indirect.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.0% | +0.2% |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |
| DXY | 2019-06-20 | [Dollar falls to 2-week low after Federal Reserve meeting](https://feedsoft.ai/events/7438-dollar-falls-to-2-week-low-after-federal-reserve-meeting.md) | -1.1% | -0.8% |
| DXY | 2020-07-30 | [Forex markets: Dollar, U.S. Federal Reserve in focus](https://feedsoft.ai/events/52297-forex-markets-dollar-u-s-federal-reserve-in-focus.md) | -0.3% | -0.5% |
| DXY | 2020-10-21 | [The Federal Reserve’s New Monetary Policy Strategy](https://feedsoft.ai/events/50554-the-federal-reserve-s-new-monetary-policy-strategy.md) | -0.2% | -1.6% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/13211-pound-dollar-rate-aims-for-the-stars-after-federal-reserve-swerves-onto-main-street

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