# Sterling feeds on peculiarly high BoE 'terminal rate'

> Sterling's trade-weighted index is up more than 3% this year, close to its highest level in a long period. The commentary attributes this to a high Bank of England terminal rate expectation. The text is partial and does not give the full argument.

- Date: 2024-09-20 · published 2024-09-20T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/28567-sterling-feeds-on-peculiarly-high-boe-terminal-rate
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A strong sterling trade-weighted index lowers the sterling cost of imported feed ingredients, which supports UK buyers. The effect on commodity prices is marginal.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-feeds-peculiarly-high-boe-terminal-rate-mike-dolan-2024-09-20/

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