# Pound Sterling surges to 1.3300 as BoE keeps interest rates steady at 5%

> Sterling strengthened to near $1.3300 after the Bank of England left rates unchanged at 5%. UK core inflation rose to 3.6% and services inflation to 5.6%, both above expectations. Markets expected one more BoE cut by the end of the cycle.

- Date: 2024-09-19 · published 2024-09-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/28571-pound-sterling-surges-to-1-3300-as-boe-keeps-interest-rates-steady-at-5
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Stronger sterling and expectations of gradual BoE easing change the sterling cost of imported feed for UK buyers. The impact on global feed prices is small.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/pound-sterling-exhibits-strength-as-traders-brace-for-boe-interest-rate-decision-202409190741

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