# British Pound Tanks Vs Euro, Dollar Exchange Rates After BoE Hike - ING Exchange Rate Forecast

> The pound had its worst day in five months, falling almost 1.5% against the dollar toward 1.30 after the Bank of England's 7-2 rate hike. ING said markets were disappointed by forward guidance that lowered expectations for further hikes.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/68239-british-pound-tanks-vs-euro-dollar-exchange-rates-after-boe-hike-ing-exchange
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A stronger dollar on the back of weaker sterling and dovish BoE guidance can weigh on US commodity prices in dollar terms.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-28 | [Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish](https://feedsoft.ai/events/73670-euro-to-dollar-forecast-rally-in-eur-usd-exchange-rate-falters-and-2017-looks.md) | -0.1% | -1.6% |
| DXY | 2024-03-27 | [Exchange Rates Today: Dollar At 34-Year High Vs Yen, Pound Euro Steady](https://feedsoft.ai/events/31471-exchange-rates-today-dollar-at-34-year-high-vs-yen-pound-euro-steady.md) | +0.2% | +1.4% |
| DXY | 2017-10-29 | [Pound To Dollar Exchange Rate Outlook: BoE And FOMC Meetings Ahead \| Exchange Rates UK](https://feedsoft.ai/events/68719-pound-to-dollar-exchange-rate-outlook-boe-and-fomc-meetings-ahead-exchange.md) | -0.2% | -1.6% |
| DXY | 2018-10-31 | [Exchange Rates News Today: Pound Sterling Best Performer, Euro Flat, Dollar Firms As Stocks Rebound \| Exchange Rates UK](https://feedsoft.ai/events/62804-exchange-rates-news-today-pound-sterling-best-performer-euro-flat-dollar-firms.md) | -0.6% | -0.0% |
| DXY | 2017-11-02 | [More Losses Forecast for Pound Sterling vs. Euro and US Dollar by ABN Amro's Boele](https://feedsoft.ai/events/68242-more-losses-forecast-for-pound-sterling-vs-euro-and-us-dollar-by-abn-amro-s.md) | -0.1% | -1.5% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/19552/ing-gbp-eur-gbp-usd-live-today-forecast-bearish-hike.html

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