# Sterling edges lower, BoE's Bailey signals no rush to raise rates | Reuters

> The British pound edged lower against the dollar on May 29, trading near $1.3410 within a two-week range of $1.33 to $1.35. Bank of England Governor Andrew Bailey said there was no urgency to raise rates and that tolerating inflation above target was justified given Iran war uncertainty. Money markets still priced about 32 basis points of tightening this year.

- Date: 2026-05-29 · published 2026-05-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/19518-sterling-edges-lower-boe-s-bailey-signals-no-rush-to-raise-rates-reuters
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is a currency and interest-rate story with no direct feed grain or oilseed supply impact. A firmer or weaker pound only marginally shifts UK feed import costs and has little effect on global feed prices.

## Sources

- reuters.com: https://www.reuters.com/world/uk/sterling-edges-lower-boes-bailey-signals-no-rush-raise-rates-2026-05-29/

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