# Pound firm versus dollar ahead of BoE but slides against yen | Kitco News

> Sterling held steady against the dollar near $1.2832 ahead of the Bank of England decision, while it fell sharply against the yen after the Bank of Japan unexpectedly raised rates. Options volatility on sterling rose to its highest in almost a year, and markets priced about a 63% chance of a BoE cut.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29541-pound-firm-versus-dollar-ahead-of-boe-but-slides-against-yen-kitco-news
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A hawkish BoJ strengthens the yen and can shift Asian demand sentiment for dollar-priced commodities. For feed buyers, the impact runs through currency moves rather than direct supply changes.

## Read by commodity

- GBPUSD: neutral
- USDJPY: bearish ▼

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2024-07-31/pound-firm-versus-dollar-ahead-boe-slides-against-yen

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