# Reactions: Bank of England bashes pound after halting rate rises

> The Bank of England left interest rates unchanged on September 21, breaking a long run of rate rises as the UK economy slowed. The pound fell as much as 0.9% to its lowest since late March, while UK gilts briefly recovered before resuming their decline.

- Date: 2023-09-21 · published 2023-09-21T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/34354-reactions-bank-of-england-bashes-pound-after-halting-rate-rises
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar against sterling and the euro tends to weigh on dollar-denominated feed ingredient prices for UK and European buyers, and it can make US-origin feed imports relatively more expensive for them.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-22 | [Dollar, yields rise after Powell comments, Bank of England rate hike \| Reuters](https://feedsoft.ai/events/35670-dollar-yields-rise-after-powell-comments-bank-of-england-rate-hike-reuters.md) | +0.5% | -1.0% |
| DXY | 2026-03-23 | [Pound dips against dollar amid mounting expectations of Bank of England rate increase](https://feedsoft.ai/events/20435-pound-dips-against-dollar-amid-mounting-expectations-of-bank-of-england-rate.md) | +0.5% | -1.8% |
| DXY | 2022-09-26 | [Bank of England (BOE) Won’t Hesitate to Change Rates After Pound (GBP USD) Falls - Bloomberg](https://feedsoft.ai/events/39834-bank-of-england-boe-won-t-hesitate-to-change-rates-after-pound-gbp-usd-falls.md) | +0.2% | +0.6% |
| DXY | 2020-09-17 | [Sterling slips after dollar rebound; focus on Bank of England \| Financial Post](https://feedsoft.ai/events/51374-sterling-slips-after-dollar-rebound-focus-on-bank-of-england-financial-post.md) | +1.6% | +0.6% |
| DXY | 2017-02-02 | [British Pound Receives a Reality Check from the Bank of England](https://feedsoft.ai/events/72737-british-pound-receives-a-reality-check-from-the-bank-of-england.md) | -0.2% | +0.4% |

## Sources

- reuters.com: https://www.reuters.com/world/uk/view-bank-england-halts-run-rate-rises-pound-drops-2023-09-21/

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