# Pound hits 10-month high against dollar after Fed caution – as it happened | Business | The Guardian

> Sterling rose to $1.3157 after a more cautious Federal Reserve statement suggested the next US rate hike may be some way off, sending the dollar lower. The euro also rallied against the dollar.

- Date: 2017-07-27 · published 2017-07-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/70205-pound-hits-10-month-high-against-dollar-after-fed-caution-as-it-happened
- 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 softer dollar on expectations of slower US tightening supports dollar-priced commodities and export demand, though the effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-14 | [Pound hits $1.27 as Bank of England pushes back against rate cut predictions – business live \| Business \| The Guardian](https://feedsoft.ai/events/32949-pound-hits-1-27-as-bank-of-england-pushes-back-against-rate-cut-predictions.md) | -1.3% | -1.3% |
| DXY | 2024-08-26 | [Ringgit hits 28-month high against US dollar as Fed says its time to adjust policy](https://feedsoft.ai/events/29075-ringgit-hits-28-month-high-against-us-dollar-as-fed-says-its-time-to-adjust.md) | +0.7% | -0.0% |
| DXY | 2017-07-31 | [Pound hits 10-month high of $1.32 on dollar's Trump slump](https://feedsoft.ai/events/70203-pound-hits-10-month-high-of-1-32-on-dollar-s-trump-slump.md) | +0.3% | -0.5% |
| DXY | 2026-09-01 | [Sterling hits six-month high against fading dollar](https://feedsoft.ai/events/18143-sterling-hits-six-month-high-against-fading-dollar.md) | -0.6% | +2.1% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |

## Sources

- theguardian.com: https://www.theguardian.com/business/live/2017/jul/27/pound-hits-10-month-high-against-dollar-after-fed-caution-business-live

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