# BoE Mann says too many rate cuts priced in | XTB

> Bank of England policymaker Catherine Mann said markets are pricing in too many rate cuts and that wage dynamics in the UK are stronger than in the US or euro area. GBPUSD dipped toward 1.2641 after the remarks but recovered to above 1.2658.

- Date: 2024-03-26 · published 2024-03-26T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/31464-boe-mann-says-too-many-rate-cuts-priced-in-xtb
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Fewer expected BoE cuts support the pound and lift sterling-linked cost pressures less; for feed buyers the impact on grain and meal prices is indirect, mainly via dollar strength.

## Read by commodity

- USDCAD: neutral

## Sources

- xtb.com: https://www.xtb.com/int/market-analysis/news-and-research/boe-mann-says-too-many-rate-cuts-priced-in

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