# Is The Pound / Dollar Conversion Rate Tipped To Go Higher?

> GBP/USD rose 0.56% on Thursday and returned to the 1.30 level as the US dollar weakened, with the dollar index posting its worst close since last year. Dallas Fed President Bullard questioned whether the Fed has the data to keep tightening, and he noted that inflation expectations had fallen. Deutsche Bank saw central bank coordination as a threat to the dollar.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/70752-is-the-pound-dollar-conversion-rate-tipped-to-go-higher
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Broad dollar weakness supports dollar-priced commodities and can lift export demand for US grains and feed ingredients. The effect is typically modest and gradual.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-07-29 | [Pound-Dollar Rate Clocks Another Milestone but Underperformance Tipped to Resume](https://feedsoft.ai/events/52360-pound-dollar-rate-clocks-another-milestone-but-underperformance-tipped-to-resume.md) | +0.4% | -0.4% |
| DXY | 2018-07-31 | [GBP/USD: Pound Higher vs Dollar As Investors Dump The Greenback - Currency Live](https://feedsoft.ai/events/64274-gbp-usd-pound-higher-vs-dollar-as-investors-dump-the-greenback-currency-live.md) | +0.6% | +0.6% |
| DXY | 2025-06-26 | [Pound touches near 4-year high as Trump rattles dollar](https://feedsoft.ai/events/24477-pound-touches-near-4-year-high-as-trump-rattles-dollar.md) | -0.9% | -0.6% |
| DXY | 2024-08-16 | [Gold rallies to record high on softer dollar, rate-cut expectations \| Reuters](https://feedsoft.ai/events/28697-gold-rallies-to-record-high-on-softer-dollar-rate-cut-expectations-reuters.md) | -0.2% | -0.8% |
| DXY | 2024-08-27 | [Pound hits two-year high on dollar, gains on euro \| Reuters](https://feedsoft.ai/events/29066-pound-hits-two-year-high-on-dollar-gains-on-euro-reuters.md) | +0.9% | -0.5% |
| EURUSD | 2017-01-30 | [Euro Exchange Rates Trade Higher Vs Pound, Dollar After Navarro Comments Dent USD](https://feedsoft.ai/events/73192-euro-exchange-rates-trade-higher-vs-pound-dollar-after-navarro-comments-dent-usd.md) | +1.0% | -0.6% |
| EURUSD | 2018-12-20 | [Commentary: Fed still the only hiker in town, but dollar refuses to play ball](https://feedsoft.ai/events/61743-commentary-fed-still-the-only-hiker-in-town-but-dollar-refuses-to-play-ball.md) | +0.2% | -0.3% |
| EURUSD | 2026-01-30 | [Europe wonders whether it can afford to take on the US dollar – POLITICO](https://feedsoft.ai/events/21269-europe-wonders-whether-it-can-afford-to-take-on-the-us-dollar-politico.md) | -1.2% | -1.0% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/18388/gbpusd-113-pound-to-dollar-exchange-rate-forecast-to-go-higher.html

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