# Keep calm and carry sterling

> Sterling is holding up because UK interest rates at 5.25% are among the highest in the Group of 10. The Bank of England says inflation is still too far above its 2% target to risk a premature rate cut, and this week's data is unlikely to change that view.

- Date: 2024-02-12 · published 2024-02-12T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/31921-keep-calm-and-carry-sterling
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK rates keep carry-trade demand for sterling firm, which supports GBP against the dollar. For feed buyers the effect on grain and meal prices is indirect and small.

## Read by commodity

- GBPUSD: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/keep-calm-carry-sterling-2024-02-12/

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