# Sterling Today: Pound Dips on Hawkish Fed Despite 0.7% GDP Growth

> Sterling traded slightly lower at $1.3270 while the euro edged up to $1.1093, as hawkish Fed rhetoric and hotter US inflation kept the dollar near multi-month highs. UK third-quarter GDP rose 0.7%, but the data did not offset the dollar's gains. Analysts expect the dollar's rally to continue ahead of the US producer price index release.

- Date: 2026-11-12 · published 2026-11-12T12:11:06.925Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/95420-sterling-today-pound-dips-on-hawkish-fed-despite-0-7-gdp-growth
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar against sterling and the euro can make US commodities cheaper for some buyers and more expensive for others, shifting trade flows at the margin. The impact on feed prices is modest and rate-driven.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-17 | [Dollar rises with bets on hawkish Fed; sterling drops \| Reuters](https://feedsoft.ai/events/38594-dollar-rises-with-bets-on-hawkish-fed-sterling-drops-reuters.md) | +0.4% | -0.6% |
| DXY | 2019-02-28 | [Pound-to-Dollar Rate Retreats on U.S. GDP Growth Surprise](https://feedsoft.ai/events/60858-pound-to-dollar-rate-retreats-on-u-s-gdp-growth-surprise.md) | +0.8% | +1.0% |
| DXY | 2023-06-22 | [Sterling declines despite 0.5% UK rate hike](https://feedsoft.ai/events/35763-sterling-declines-despite-0-5-uk-rate-hike.md) | +0.5% | -1.0% |
| DXY | 2018-03-29 | [Stronger Dollar To Pound Sterling Exchange Rate As US Growth Impresses Investors](https://feedsoft.ai/events/66236-stronger-dollar-to-pound-sterling-exchange-rate-as-us-growth-impresses-investors.md) | +0.1% | +1.6% |
| DXY | 2025-07-31 | [Pound Sterling slumps against US Dollar as traders pare Fed dovish bets](https://feedsoft.ai/events/24023-pound-sterling-slumps-against-us-dollar-as-traders-pare-fed-dovish-bets.md) | -0.7% | -0.6% |

## Sources

- investing.com: https://www.investing.com/news/forex-news/sterling-today-pound-dips-on-hawkish-fed-despite-07-gdp-growth-5020808

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