# Pound (GBP) Rises as Traders See BOE Pausing Rate Cuts Until Next Year - Bloomberg

> Sterling rose as much as 1% to $1.3009 on the Bank of England's quarter-point rate cut, its biggest move since September. Traders scaled back bets on further BoE easing this year, with a pause expected until next year.

- Date: 2024-11-07 · published 2024-11-07T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/27647-pound-gbp-rises-as-traders-see-boe-pausing-rate-cuts-until-next-year-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves of this size affect UK import costs for feed ingredients priced in dollars, but the driver is central bank policy rather than agricultural supply.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-20 | [Dollar Traders See the Fed's Next Rate Hike as a Big Sell Signal - Bloomberg](https://feedsoft.ai/events/63241-dollar-traders-see-the-fed-s-next-rate-hike-as-a-big-sell-signal-bloomberg.md) | +0.0% | +1.0% |
| DXY | 2024-08-23 | [Pound Rises to Strongest in Over Two Years Against the US Dollar - Bloomberg](https://feedsoft.ai/events/29067-pound-rises-to-strongest-in-over-two-years-against-the-us-dollar-bloomberg.md) | -0.1% | -0.8% |
| DXY | 2024-08-23 | [Mexican Peso Soars, Leading EM Rally as Powell Signals Rate Cuts - Bloomberg](https://feedsoft.ai/events/29056-mexican-peso-soars-leading-em-rally-as-powell-signals-rate-cuts-bloomberg.md) | -0.1% | -0.8% |
| DXY | 2025-08-28 | [Pound Sterling rises against US Dollar as Fed Willians hints potential rate cuts](https://feedsoft.ai/events/23594-pound-sterling-rises-against-us-dollar-as-fed-willians-hints-potential-rate-cuts.md) | +0.0% | -0.2% |
| DXY | 2025-08-06 | [Dollar falls as traders bet on more rate cuts](https://feedsoft.ai/events/23519-dollar-falls-as-traders-bet-on-more-rate-cuts.md) | -0.5% | -0.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-11-07/pound-rises-as-traders-see-boe-pausing-rate-cuts-until-next-year

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