# Pound-to-Dollar Rate Retreats on U.S. GDP Growth Surprise

> US fourth-quarter 2018 GDP grew at an annualised 2.6%, above the 2.2% consensus, and full-year 2018 growth reached 2.9%. The stronger reading eased fears of an imminent US slowdown and lifted the dollar against sterling. Sterling retreated from multi-month highs.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/60858-pound-to-dollar-rate-retreats-on-u-s-gdp-growth-surprise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Firmer US growth supports the dollar, which tends to pressure dollar-denominated commodity prices and make US feed exports less competitive, while sterling weakness raises UK import costs.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-24 | [U.S. dollar rises to 13-month high on Fed rate hike views](https://feedsoft.ai/events/11992-u-s-dollar-rises-to-13-month-high-on-fed-rate-hike-views.md) | -0.1% | -0.4% |
| DXY | 2018-03-29 | [Stronger Dollar To Pound Sterling Exchange Rate As US Growth Impresses Investors](https://feedsoft.ai/events/66236-stronger-dollar-to-pound-sterling-exchange-rate-as-us-growth-impresses-investors.md) | +0.1% | +1.6% |
| DXY | 2016-10-11 | [Dollar climbs to 7-month peak on rate hike bets; pound plunges](https://feedsoft.ai/events/5892-dollar-climbs-to-7-month-peak-on-rate-hike-bets-pound-plunges.md) | +0.2% | +0.2% |
| DXY | 2025-07-31 | [Dollar's surprise rebound stymies anti-Trump trades](https://feedsoft.ai/events/23951-dollar-s-surprise-rebound-stymies-anti-trump-trades.md) | -0.7% | -0.6% |
| DXY | 2024-03-21 | [Dollar gains on risk sentiment, Swiss franc falls on surprise rate cut](https://feedsoft.ai/events/31392-dollar-gains-on-risk-sentiment-swiss-franc-falls-on-surprise-rate-cut.md) | +0.1% | +1.7% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/10952-pound-to-dollar-rate-retreats-after-u-s-gdp-growth-surprises-on-the-upside-2

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