# USD drops as ISM misses; Pound gains as BoE stand pat | XTB

> The US dollar fell against its peers after the ISM manufacturing PMI for October came in at 57.7, below the 59.0 forecast. The Bank of England kept its base rate unchanged at 0.75%, and the pound stayed near its daily highs. Antipodean currencies gained almost 2%.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62304-usd-drops-as-ism-misses-pound-gains-as-boe-stand-pat-xtb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker-than-expected ISM reading points to slower US industrial demand and lowers the dollar, which tends to support dollar-priced commodities. The effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-31 | [GBP/USD: Pound Gains vs Dollar As Fed Cuts Rates - Currency Live](https://feedsoft.ai/events/56803-gbp-usd-pound-gains-vs-dollar-as-fed-cuts-rates-currency-live.md) | -0.1% | +0.8% |
| DXY | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -0.5% | +4.3% |
| DXY | 2017-10-13 | [Commodities Make Gains as US Dollar Slips](https://feedsoft.ai/events/68392-commodities-make-gains-as-us-dollar-slips.md) | +0.1% | +1.1% |
| DXY | 2024-09-26 | [Dollar drops as data boost fades; Swiss franc gains following rate cut \| Reuters](https://feedsoft.ai/events/28506-dollar-drops-as-data-boost-fades-swiss-franc-gains-following-rate-cut-reuters.md) | +0.1% | +2.5% |
| 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% |

## Sources

- xtb.com: https://www.xtb.com/en/market-analysis/usd-drops-as-ism-misses-pound-gains-as-boe-stand-pat

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