# Bank of England hold interest rate at 3.75% as Iran war shakes outlook

> The Bank of England held its Bank Rate at 3.75% on April 30, 2026, voting 8-1 with Chief Economist Huw Pill the lone dissenter in favour of a hike. The BoE said the Iran war would keep energy and fuel costs elevated and that its ability to offset these pressures with monetary policy was limited. The pound rose 0.4% against the dollar after the decision.

- Date: 2026-04-30 · published 2026-04-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/19988-bank-of-england-hold-interest-rate-at-3-75-as-iran-war-shakes-outlook
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A hawkish hold keeps UK and dollar rate expectations volatile, which feeds into currency-driven import costs for UK feed buyers. Sterling strength modestly lowers the local cost of dollar-priced feed ingredients.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2026/04/30/bank-of-england-april-2026-interest-rate-decision-iran-war.html

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