# Bank of England delivers 'dovish hold' as growth stalls, trade risks rise | Euronews

> The Bank of England kept its rate at 4.75% in a 6-3 vote, with three members favoring a cut to 4.5%. CPI rose to 2.6% in November while fourth-quarter growth was forecast at 0%, and markets read the decision as dovish.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/27201-bank-of-england-delivers-dovish-hold-as-growth-stalls-trade-risks-rise-euronews
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A dovish tilt from the BoE supports expectations of 2025 easing, which can weaken sterling and firm the broader dollar cross-rates that influence feed commodity pricing.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-15 | [Bank of England says December Rate Hike "In Play"](https://feedsoft.ai/events/44294-bank-of-england-says-december-rate-hike-in-play.md) | +0.6% | +1.2% |
| DXY | 2023-12-08 | [Bank of England to hold its line against rate cut talk - Business & Finance - Business Recorder](https://feedsoft.ai/events/32954-bank-of-england-to-hold-its-line-against-rate-cut-talk-business-and-finance.md) | -0.9% | -1.1% |
| DXY | 2017-12-14 | [Bank of England unanimously votes to hold interest rates, shifting focus to inflation](https://feedsoft.ai/events/67720-bank-of-england-unanimously-votes-to-hold-interest-rates-shifting-focus-to.md) | -0.4% | -2.1% |
| DXY | 2022-02-24 | [Sterling falls below $1.36 as BoE tries to cool rate-hike bets \| Euronews](https://feedsoft.ai/events/42939-sterling-falls-below-1-36-as-boe-tries-to-cool-rate-hike-bets-euronews.md) | +1.0% | +1.2% |
| DXY | 2020-09-11 | [Euro Retreats after ECB Blows Hot and Cold On Currency Strength and 'No Deal' Brexit Risk Builds](https://feedsoft.ai/events/51337-euro-retreats-after-ecb-blows-hot-and-cold-on-currency-strength-and-no-deal.md) | -0.4% | +0.2% |

## Sources

- euronews.com: https://www.euronews.com/business/2024/12/19/bank-of-england-takes-final-interest-rate-decision-of-2024

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