# Sterling Falls As Dollar Rises, Doubts Return Over Interest Rate Rise - Babypips.com

> Sterling fell 0.4% to a four-day low of $1.3166 as the dollar strengthened, after a new BoE policymaker, John Haskel, signalled caution on rate hikes. Markets still priced over a 50% chance of a 25bp BoE hike in August. Carney said UK banks were prepared for a disorderly Brexit.

- Date: 2018-06-27 · published 2018-06-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/64782-sterling-falls-as-dollar-rises-doubts-return-over-interest-rate-rise-babypips
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker pound and firmer dollar make US feed and grain exports relatively more expensive for UK and European buyers, which can weigh on dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-02 | [Sterling falls as interest rate outlook and strong dollar weigh](https://feedsoft.ai/events/37124-sterling-falls-as-interest-rate-outlook-and-strong-dollar-weigh.md) | +0.7% | -0.8% |
| DXY | 2018-04-19 | [Dollar Rises With Higher U.S. Yields, Sterling Slumps - Babypips.com](https://feedsoft.ai/events/65767-dollar-rises-with-higher-u-s-yields-sterling-slumps-babypips-com.md) | +2.1% | +3.9% |
| DXY | 2020-09-17 | [Asian Shares Drop, Dollar Rises On Fed Interest Rate Promise](https://feedsoft.ai/events/51285-asian-shares-drop-dollar-rises-on-fed-interest-rate-promise.md) | +1.6% | +0.6% |
| DXY | 2022-12-04 | [Oil falls over 3% after data raises Fed interest rate worries \| Reuters](https://feedsoft.ai/events/38137-oil-falls-over-3-after-data-raises-fed-interest-rate-worries-reuters.md) | +0.3% | +0.1% |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |

## Sources

- babypips.com: https://www.babypips.com/news/sterling-falls-dollar-rises-doubts-return-interest-rate-rise

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