◂ Event Timeline

Jul 31, 2018MACROUK

British Pound US Dollar X-Rate Forecast Warning: No BoE Hike Would Crush GBP/USD To 1.28

Foreign exchange markets were volatile as US tech stocks fell, with the Nasdaq losing more than 1%, and the dollar index weakened. ING sees a dovish hike or no hike at the Bank of England possibly pushing GBP/USD down to 1.28.

WHY IT MATTERS

Currency swings from tech selloffs and BoE policy shift the dollar value of UK and European import costs, with limited direct effect on feed commodity prices.

AFFECTSBritish Pound (USD per GBP)◆US Dollar (Broad)◆

SOURCE
exchangerates.org.ukFrançois AuréJul 31, 2018

Price reaction & history

British Pound (USD per GBP)◆neutral

Not enough comparable past events yet for a historical read.

US Dollar (Broad)◆neutralSO FAR1d +0.1%5d +0.6%20d +0.6%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Mar 6, 2019Exchange & Interest Rate Forecasts For Euro, Dollar And Pound Sterling: ING+0.1%
Jan 30, 2026US Dollar Weekly Forecast: The Fed is seen reducing rates twice in 2026+0.9%
Jan 28, 2019Brexit Pound Analysis: British Pound Has Rallied 5% Vs Euro, Dollar But How Much Has GBP Discounted A No Deal Brexit? | Exchange Rates UK-0.2%
Oct 1, 2026British Pound edges higher to near 1.3250, renewed UK fiscal concerns in focus+0.2%
Nov 3, 2016Trump worries hit dollar; pound boosted by Brexit court ruling+0.7%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

British Pound (USD per GBP) GBPUSD · GP ▸

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US Dollar (Broad) DXY · GP ▸

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