# Bullish British Pound To Dollar Rate Today On Better-than-Forecast UK Sales

> Sterling rose against the dollar after UK retail sales jumped 1.4% on the month, beating forecasts. The pound was also supported by cautious comments from Chicago Fed President Charles Evans, which suggested a slower pace of US rate hikes.

- Date: 2017-04-01 · published 2017-04-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/72235-bullish-british-pound-to-dollar-rate-today-on-better-than-forecast-uk-sales
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer pound lowers the sterling cost of dollar-priced feed commodities, while the Fed's cautious tone reduces pressure on the dollar.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-30 | [Pound To Dollar Rate Forecast: Could A Dovish BoE Weigh On GBP/USD Rates This Week? \| Exchange Rates UK](https://feedsoft.ai/events/51866-pound-to-dollar-rate-forecast-could-a-dovish-boe-weigh-on-gbp-usd-rates-this.md) | +0.1% | +1.4% |
| DXY | 2020-02-12 | [2020-2021 Exchange Rate Forecast: Pound Sterling And Dollar To Lose Ground This Year Say Commerzbank](https://feedsoft.ai/events/54834-2020-2021-exchange-rate-forecast-pound-sterling-and-dollar-to-lose-ground-this.md) | +0.4% | +1.6% |
| DXY | 2020-11-05 | [Pound-Dollar Rate Rallies 1% As BoE Fails To Mention Negative Interest Rates \| Exchange Rates UK](https://feedsoft.ai/events/50419-pound-dollar-rate-rallies-1-as-boe-fails-to-mention-negative-interest-rates.md) | -0.8% | -2.9% |
| DXY | 2020-04-30 | [Pound-Dollar Rate Aims for the Stars after Federal Reserve Swerves Onto Main Street](https://feedsoft.ai/events/53873-pound-dollar-rate-aims-for-the-stars-after-federal-reserve-swerves-onto-main.md) | +0.7% | -1.4% |
| DXY | 2024-08-26 | [Ringgit still strong at close of trading today, 4.34 against the US dollar, thanks to rate cut forecast \| Malay Mail](https://feedsoft.ai/events/29073-ringgit-still-strong-at-close-of-trading-today-4-34-against-the-us-dollar.md) | +0.7% | -0.0% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17672/gbp-usd-pound-sterling-to-us-dollar-exchange-rate-news-and-forecast.html

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