# Pound To Dollar Exchange Rate Outlook: BoE And FOMC Meetings Ahead | Exchange Rates UK

> Sterling weakened on fears that the BoE might not hike in November, after poor UK retail sales data. The dollar firmed after US third-quarter GDP beat forecasts, with growth of 3% year-on-year despite hurricane damage. The article previews the BoE and FOMC meetings.

- Date: 2017-10-29 · published 2017-10-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/68719-pound-to-dollar-exchange-rate-outlook-boe-and-fomc-meetings-ahead-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 solid US growth makes US commodities more expensive for foreign buyers and can soften USD-denominated grain and meal prices. The effect is gradual and modest.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-08 | [Outlook For Pound US Dollar Exchange Rate: GBP/USD Sinks On Fed And BoE Decisions](https://feedsoft.ai/events/44295-outlook-for-pound-us-dollar-exchange-rate-gbp-usd-sinks-on-fed-and-boe-decisions.md) | +0.5% | +1.6% |
| DXY | 2019-01-31 | [Pound-to-Dollar Outlook: GBP/USD Exchange Rate Slides As US Payrolls Beat Expectations](https://feedsoft.ai/events/61331-pound-to-dollar-outlook-gbp-usd-exchange-rate-slides-as-us-payrolls-beat.md) | +0.1% | +0.4% |
| DXY | 2018-12-14 | [ECB Meeting Produces The Good And The Bad For The Euro \| Exchange Rates UK](https://feedsoft.ai/events/61770-ecb-meeting-produces-the-good-and-the-bad-for-the-euro-exchange-rates-uk.md) | -0.3% | -1.8% |
| DXY | 2019-08-01 | [British Pound To US Dollar (GBP/USD) Exchange Rate Hits New Post-2017 Worst As Bank Of England Cuts UK Growth Outlook \| Exchange Rates UK](https://feedsoft.ai/events/57848-british-pound-to-us-dollar-gbp-usd-exchange-rate-hits-new-post-2017-worst-as.md) | +1.1% | +2.1% |
| 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% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/19488/monetary-policy-and-currency-exchange-rate-news-for-gbp-and-usd.html

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