# Bank of England keeps rates at 5%, propels pound to over 2-year highs | Euronews

> The Bank of England held rates at 5% in line with expectations, with eight members voting to hold and Swati Dhingra voting for a cut. The pound rose against the dollar and euro after the decision. UK core inflation rose to 3.6% and services inflation to 5.6%.

- Date: 2024-09-19 · published 2024-09-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/28568-bank-of-england-keeps-rates-at-5-propels-pound-to-over-2-year-highs-euronews
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK inflation and a hold on rates support a firmer pound, which lowers sterling costs for imported feed. The effect on global feed prices is small.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- euronews.com: https://www.euronews.com/business/2024/09/19/bank-of-england-reveals-september-interest-rate-decision

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