# More Losses Forecast for Pound Sterling vs. Euro and US Dollar by ABN Amro's Boele

> ABN Amro expects sterling to fall further over coming days or weeks after the Bank of England's rate hike triggered a sell-the-fact reaction. Pound-to-dollar traded at 1.3066 after reaching 1.3298 earlier, and pound-to-euro fell to 1.1204.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/68242-more-losses-forecast-for-pound-sterling-vs-euro-and-us-dollar-by-abn-amro-s
- 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 forecast of continued sterling weakness supports a firmer dollar, which can weigh on dollar-priced feed commodities.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-11-03 | [British Pound Tanks Vs Euro, Dollar Exchange Rates After BoE Hike - ING Exchange Rate Forecast](https://feedsoft.ai/events/68239-british-pound-tanks-vs-euro-dollar-exchange-rates-after-boe-hike-ing-exchange.md) | +0.0% | -1.0% |
| 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 | 2026-04-30 | [Pound Sterling flat vs USD as BoE decision and US PCE data loom](https://feedsoft.ai/events/19990-pound-sterling-flat-vs-usd-as-boe-decision-and-us-pce-data-loom.md) | -0.8% | -0.1% |
| DXY | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.1% | -1.5% |
| DXY | 2023-10-27 | [Sterling set for weekly declines on dollar and euro, buffeted - Markets - Business Recorder](https://feedsoft.ai/events/33885-sterling-set-for-weekly-declines-on-dollar-and-euro-buffeted-markets-business.md) | -0.9% | -3.1% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/7915-pound-sterling-selloff-to-extend

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