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Sterling gained against a weaker dollar on April 30 after the BoE kept rates at 3.75% and set out scenarios for the Iran war, one of which could require a forceful rate increase. The pound fell about 2.1% against the yen after the Bank of Japan issued an intervention warning.
The Monetary Policy Committee vote was 8-1 with Pill seeking a hike.
The move is mainly a currency reaction with no direct change to feed supply or demand. Yen and dollar swings can shift import costs for buyers in some markets.
lse.co.ukApr 30, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
