# UBS: GBP/EUR, GBP/USD Exchange Rates Could Weaken If BofE Indicate "One And Done"

> UBS said sterling could weaken against the euro and dollar if the BoE signals only one rate hike in November. The dollar index rose 0.3% on demand ahead of a Fed chair decision and tax reform progress. Catalan unrest was seen as a limited drag on the euro so far.

- Date: 2017-10-24 · published 2017-10-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/68720-ubs-gbp-eur-gbp-usd-exchange-rates-could-weaken-if-bofe-indicate-and-quot-one
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of a stronger dollar and weaker sterling change the USD cost of imported feed ingredients and can pressure US commodity export prices. Feed price impact is small and indirect.

## 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 | 2018-08-29 | [Euro US Dollar Exchange Rate Live: EUR/USD <1.17 Handle Ahead Of Eurozone Inflation](https://feedsoft.ai/events/63737-euro-us-dollar-exchange-rate-live-eur-usd-and-lt-1-17-handle-ahead-of-eurozone.md) | +1.2% | +0.3% |
| DXY | 2018-04-30 | [Euro-Dollar Exchange Rates To Face German Inflation, FED And US Jobs This Week \| Exchange Rates UK](https://feedsoft.ai/events/65728-euro-dollar-exchange-rates-to-face-german-inflation-fed-and-us-jobs-this-week.md) | +1.0% | +2.2% |
| DXY | 2022-10-28 | [Euro US Dollar Exchange Rate Falls \| Exchange Rates UK](https://feedsoft.ai/events/39364-euro-us-dollar-exchange-rate-falls-exchange-rates-uk.md) | +1.2% | -2.4% |
| 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% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/19436/gbpeur-gbpusd-pound-to-euro-dollar-exchange-rates-boe-one-hike-2017-onlu.html

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