Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Mar 15, 2023Euro Slumps against Pound and Dollar as European Banking Fears Rise-0.1%
• May 28, 2023The Dollar Is Still King in Europe, and It’s Swaying Interest Rates - WSJ-0.5%
• Nov 2, 2017Pound Could Remain Volatile Against Dollar and Euro as New Interest Rate Consensus Develops-0.1%
• Oct 27, 2022Euro falls against the dollar after ECB rate hike, U.S. data+0.7%
• Mar 29, 2018Stronger Dollar To Pound Sterling Exchange Rate As US Growth Impresses Investors+0.1%

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Sep 28, 2021Surging Inflation Fears Stoke Pound Sterling Advance against the Euro and Dollar-0.7%
• Mar 15, 2023Euro Slumps against Pound and Dollar as European Banking Fears Rise+0.4%
• May 28, 2023The Dollar Is Still King in Europe, and It’s Swaying Interest Rates - WSJ+0.1%
• Sep 30, 2018The British Pound, Euro And US Dollar (GBP, EUR, USD) Exchange Rate Forecasts - Brexit Update | Exchange Rates UK-1.0%
• Nov 2, 2017Pound Could Remain Volatile Against Dollar and Euro as New Interest Rate Consensus Develops-0.2%