# British Pound To US Dollar (GBP/USD) Exchange Rate Hits New Post-2017 Worst As Bank Of England Cuts UK Growth Outlook | Exchange Rates UK

> GBP/USD fell to its lowest level since January 2017 after a brief rebound, as a more hawkish-than-expected Federal Reserve lifted the dollar and no-deal Brexit fears persisted. The pair had lost over two cents since opening the week at 1.2381.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/57848-british-pound-to-us-dollar-gbp-usd-exchange-rate-hits-new-post-2017-worst-as
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and weaker sterling raise the sterling cost of dollar-priced feed ingredients and energy for UK buyers.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-01-31 | [Pound-to-Dollar Outlook: GBP/USD Exchange Rate Slides As US Payrolls Beat Expectations](https://feedsoft.ai/events/61331-pound-to-dollar-outlook-gbp-usd-exchange-rate-slides-as-us-payrolls-beat.md) | +0.1% | +0.4% |
| DXY | 2022-09-26 | [Bank of England (BOE) Won’t Hesitate to Change Rates After Pound (GBP USD) Falls - Bloomberg](https://feedsoft.ai/events/39834-bank-of-england-boe-won-t-hesitate-to-change-rates-after-pound-gbp-usd-falls.md) | +0.2% | +0.6% |
| DXY | 2018-04-30 | [British Pound To US Dollar Exchange Rate Continues To Tumble As Political Uncertainties Grip Pound \| Exchange Rates UK](https://feedsoft.ai/events/65765-british-pound-to-us-dollar-exchange-rate-continues-to-tumble-as-political.md) | +1.0% | +2.2% |
| DXY | 2017-10-29 | [Pound To Dollar Exchange Rate Outlook: BoE And FOMC Meetings Ahead \| Exchange Rates UK](https://feedsoft.ai/events/68719-pound-to-dollar-exchange-rate-outlook-boe-and-fomc-meetings-ahead-exchange.md) | -0.2% | -1.6% |
| DXY | 2021-11-08 | [Outlook For Pound US Dollar Exchange Rate: GBP/USD Sinks On Fed And BoE Decisions](https://feedsoft.ai/events/44295-outlook-for-pound-us-dollar-exchange-rate-gbp-usd-sinks-on-fed-and-boe-decisions.md) | +0.5% | +1.6% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/26720/pound-sterling-us-dollar-gbpusd-exchange-rates-fall-bank-of-england-federal-reserve-news.html

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