# Pound-to-Euro Rate Lifts to 1.17 after EUR/USD Sinks on Fed's 'Hawkish' Message

> GBP/EUR rose to 1.17, its highest since April, after EUR/USD fell below 1.20 following the Fed's shift toward expecting rate rises in 2023. The Fed and Bank of England are now expected to raise rates before the European Central Bank.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/6134-pound-to-euro-rate-lifts-to-1-17-after-eur-usd-sinks-on-fed-s-hawkish-message
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Diverging central bank policy paths strengthen the pound and dollar against the euro, which affects the cost of dollar-priced feed imports for euro-zone buyers.

## Read by commodity

- EURUSD: bearish ▼
- GBPUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2021-06-17 | 1 | -1.7% | -5.4 | It describes EUR/USD falling below 1.20 after the Fed's hawkish message and the expectation that the ECB would hike after the Fed and BoE, which supports the euro weakness narrative. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-06-14 | [EUR/USD plummets to 1.0670 as Fed's hawkish policy keeps US Dollar firm](https://feedsoft.ai/events/29980-eur-usd-plummets-to-1-0670-as-fed-s-hawkish-policy-keeps-us-dollar-firm.md) | -0.6% | +1.5% |
| EURUSD | 2026-06-19 | [The Euro sinks on its own rate hike](https://feedsoft.ai/events/11515-the-euro-sinks-on-its-own-rate-hike.md) | -0.6% | -0.5% |
| EURUSD | 2022-06-29 | [Euro dives, dollar rises after Fed's Powell reaffirms hawkish stance](https://feedsoft.ai/events/41144-euro-dives-dollar-rises-after-fed-s-powell-reaffirms-hawkish-stance.md) | -3.4% | -4.0% |
| EURUSD | 2021-06-17 | [Euro, pound drop sharply, dollar jumps after Fed signals upcoming rate hikes \|  Cyprus Mail](https://feedsoft.ai/events/6131-euro-pound-drop-sharply-dollar-jumps-after-fed-signals-upcoming-rate-hikes.md) | -1.4% | -2.6% |
| EURUSD | 2022-12-15 | [Dollar gains after hawkish Fed, pound under pressure from dovish BOE - The Business Times](https://feedsoft.ai/events/38479-dollar-gains-after-hawkish-fed-pound-under-pressure-from-dovish-boe-the.md) | -0.5% | +1.5% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eur/15553-pound-to-euro-rate-lifts-to-1-17-after-eur-usd-sinks-on-fed-s-hawkish-message

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