# The pound and the euro jump as Carney and Draghi appear hawkish

> The pound and euro rallied after hawkish comments from Bank of England Governor Carney and ECB President Draghi. Draghi suggested he may be open to removing some of the ECB's stimulus, including negative rates and €60 billion of monthly asset purchases. The euro climbed to a near 10-month high after those remarks.

- Date: 2017-07-01 · published 2017-07-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/70753-the-pound-and-the-euro-jump-as-carney-and-draghi-appear-hawkish
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hawkish signals from major central banks weaken the dollar and tend to firm dollar-priced commodities. Feed buyers in importing regions may see a small easing of currency-driven costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-06-28 | [Euro touches one-year high as markets react to Draghi – The Irish Times](https://feedsoft.ai/events/70719-euro-touches-one-year-high-as-markets-react-to-draghi-the-irish-times.md) | +0.3% | +2.9% |
| EURUSD | 2025-04-14 | [Why the U.S. dollar has plunged and euro soared on Trump tariffs](https://feedsoft.ai/events/7246-why-the-u-s-dollar-has-plunged-and-euro-soared-on-trump-tariffs.md) | +0.6% | -0.5% |
| EURUSD | 2022-02-03 | [Euro jumps after hawkish comments from ECB's Lagarde](https://feedsoft.ai/events/9869-euro-jumps-after-hawkish-comments-from-ecb-s-lagarde.md) | +1.2% | -2.2% |
| EURUSD | 2017-06-28 | [Euro sees a roller-coaster ride post-Draghi as dollar bulls start to throw in the towel](https://feedsoft.ai/events/70715-euro-sees-a-roller-coaster-ride-post-draghi-as-dollar-bulls-start-to-throw-in.md) | +0.3% | +2.9% |
| EURUSD | 2017-06-27 | [Mario Draghi confident over euro zone growth – The Irish Times](https://feedsoft.ai/events/70720-mario-draghi-confident-over-euro-zone-growth-the-irish-times.md) | +1.5% | +4.1% |
| DXY | 2017-06-28 | [Euro touches one-year high as markets react to Draghi – The Irish Times](https://feedsoft.ai/events/70719-euro-touches-one-year-high-as-markets-react-to-draghi-the-irish-times.md) | +0.1% | -1.9% |
| DXY | 2025-04-14 | [Why the U.S. dollar has plunged and euro soared on Trump tariffs](https://feedsoft.ai/events/7246-why-the-u-s-dollar-has-plunged-and-euro-soared-on-trump-tariffs.md) | -0.8% | -1.2% |
| DXY | 2022-02-03 | [Euro jumps after hawkish comments from ECB's Lagarde](https://feedsoft.ai/events/9869-euro-jumps-after-hawkish-comments-from-ecb-s-lagarde.md) | -0.3% | +0.7% |

## Sources

- businessinsider.com: https://www.businessinsider.com/euro-and-pound-moves-thursday-june-29-hawkish-central-bank-comments-2017-6

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