# BoE bashes sterling; Wall Street awaits Fed chief, Apple

> Sterling skidded about 1% after the Bank of England raised rates a quarter point but signalled only gentle future rises. The pound fell back below $1.31 while European and US equities were mixed ahead of Apple results.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/68234-boe-bashes-sterling-wall-street-awaits-fed-chief-apple
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The currency move reflects a dovish central bank outlook, which tends to support the dollar and marginally weigh on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-01-31 | [Sterling slips vs dollar before BoE and Fed meetings](https://feedsoft.ai/events/32368-sterling-slips-vs-dollar-before-boe-and-fed-meetings.md) | +0.3% | +0.4% |
| DXY | 2022-01-26 | [LIVE MARKETS Wall Street wobbles as the Fed gets its hawk out](https://feedsoft.ai/events/43045-live-markets-wall-street-wobbles-as-the-fed-gets-its-hawk-out.md) | +0.2% | -0.4% |
| DXY | 2020-08-19 | [Dollar gains but Wall Street retreats as Fed nixes dovish measure](https://feedsoft.ai/events/51531-dollar-gains-but-wall-street-retreats-as-fed-nixes-dovish-measure.md) | +0.2% | -1.0% |
| DXY | 2026-06-18 | [Dollar Rallies on Fed’s Hawkish Hold; BoE Awaited \| Investing.com](https://feedsoft.ai/events/19063-dollar-rallies-on-fed-s-hawkish-hold-boe-awaited-investing-com.md) | +1.4% | +1.0% |
| DXY | 2022-12-15 | [Sterling falls after BoE's ninth consecutive rate hike](https://feedsoft.ai/events/38476-sterling-falls-after-boe-s-ninth-consecutive-rate-hike.md) | +0.4% | -2.2% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/boe-bashes-sterling-wall-street-awaits-fed-chief-apple-117110201376_1.html

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