# The Bank of England not quite as dovish as expected | articles | ING THINK

> The Bank of England held rates on February 1 but two Monetary Policy Committee members voted for a 25bp hike, and the forecast keeps inflation above target. Sterling and UK market rates edged higher as the expected dovish tone failed to appear.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/31922-the-bank-of-england-not-quite-as-dovish-as-expected-articles-ing-think
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A hawkish BoE that delays cuts supports sterling and keeps UK borrowing costs high. The effect on feed commodity prices is minor.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/boe-not-quite-as-dovish-as-expected/

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