# Sterling stabilises in 2023, as rate cuts move into view for 2024

> A CMC Markets review says sterling consolidated through 2023 after its steep 2022 fall, with the UK base rate starting 2023 at 3.5%. The article looks ahead to rate cuts expected in 2024.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/32953-sterling-stabilises-in-2023-as-rate-cuts-move-into-view-for-2024
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is a retrospective currency review with no new event, so it has no measurable effect on feed commodity prices.

## Sources

- cmcmarkets.com: https://www.cmcmarkets.com/en-gb/news-and-analysis/sterling-stabilises-in-2023-as-rate-cuts-move-into-view-for-2024

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