Loading…
Sterling held gains against the dollar and euro after the BoE kept Bank Rate at 3.75% by an 8-1 vote, with one member voting for a hike. Governor Bailey said the softer real economy made holding rates appropriate.
The statement warned of material second-round effects in price and wage setting.
Markets still expect rate hikes later in 2026, which supports sterling against the dollar. Currency strength affects the local cost of dollar-denominated feed imports for UK buyers.
poundsterlinglive.comGary HowesMay 1, 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.
