# GBP/USD: Pound Higher vs Dollar As Investors Dump The Greenback - Currency Live

> The pound rose 0.2% against the dollar on Monday to a high of $1.3151 as confidence grew the Bank of England would raise rates on Thursday. UK consumer credit, mortgage approvals and consumer confidence data were also firm.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/64274-gbp-usd-pound-higher-vs-dollar-as-investors-dump-the-greenback-currency-live
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a BoE hike strengthen sterling and weigh on the dollar, a modest macro shift for feed buyers pricing dollar-denominated imports.

## Read by commodity

- DXY: bearish ▼
- 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 | 2020-07-29 | [Canadian dollar gains as investors sell greenbacks on ‘downbeat’ Fed - The Globe and Mail](https://feedsoft.ai/events/52351-canadian-dollar-gains-as-investors-sell-greenbacks-on-downbeat-fed-the-globe.md) | +0.4% | -0.4% |
| DXY | 2025-08-28 | [US Dollar: China Allows Faster USD/CNY Gains as Selling Pressure Hits Greenback \| Investing.com](https://feedsoft.ai/events/23544-us-dollar-china-allows-faster-usd-cny-gains-as-selling-pressure-hits-greenback.md) | +0.0% | -0.2% |
| DXY | 2025-08-25 | [Ringgit ends higher vs greenback on possible US rate cut in September \| The Star](https://feedsoft.ai/events/23584-ringgit-ends-higher-vs-greenback-on-possible-us-rate-cut-in-september-the-star.md) | -0.1% | -0.4% |
| DXY | 2017-06-30 | [Is The Pound / Dollar Conversion Rate Tipped To Go Higher?](https://feedsoft.ai/events/70752-is-the-pound-dollar-conversion-rate-tipped-to-go-higher.md) | +0.3% | -1.9% |

## Sources

- currencylive.com: https://currencylive.com/news/100582-gbp-usd-bank-of-england-meeting/

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