# GBP/USD: Pound Gains vs Dollar As Fed Cuts Rates - Currency Live

> Sterling closed 0.3% higher at $1.2900 on October 31, its third straight gain, after the Federal Reserve cut rates. US third-quarter GDP grew 1.9%, above forecasts. Traders focused on UK election polls and Johnson's early-election bill.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/56803-gbp-usd-pound-gains-vs-dollar-as-fed-cuts-rates-currency-live
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar after the Fed cut tends to support dollar-denominated commodity prices, including grains and meals. The move here is a currency-market reaction with limited direct feed impact.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-07-31 | [GBP/USD: Pound Higher vs Dollar As Investors Dump The Greenback - Currency Live](https://feedsoft.ai/events/64274-gbp-usd-pound-higher-vs-dollar-as-investors-dump-the-greenback-currency-live.md) | +0.6% | +0.6% |
| 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 | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.2% | -1.0% |
| DXY | 2020-08-28 | [FED Sparks Currency Rate Moves, Dollar Pares Losses, Pound-Dollar Dips From 2020 Best \| Exchange Rates UK](https://feedsoft.ai/events/51869-fed-sparks-currency-rate-moves-dollar-pares-losses-pound-dollar-dips-from-2020.md) | -0.5% | +1.0% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |

## Sources

- currencylive.com: https://currencylive.com/news/101364-gbp-usd-pound-gains-vs-dollar-as-fed-cuts-rates/

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