# Sterling lingers near one-month low ahead of BoE's Bailey | Reuters

> Sterling traded at $1.3489 against the dollar, close to its one-month low, and was steady against the euro at 87.34 pence. The Bank of England had held rates after a narrowly split vote, and markets were pricing a growing chance of a cut.

- Date: 2026-02-24 · published 2026-02-24T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/20859-sterling-lingers-near-one-month-low-ahead-of-boe-s-bailey-reuters
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A soft pound on rate-cut expectations is a currency move with no direct supply change for feed ingredients, so its effect on grain and meal prices is minor.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/uk/sterling-lingers-near-one-month-low-ahead-boes-bailey-2026-02-24/

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