# Sterling falls to three-week low as traders await BoE decision | Reuters

> Sterling fell to a three-week low on August 1, 2023, as traders awaited a Bank of England decision. The pound was up about 6% year to date after the BoE's rate hikes against stubborn inflation.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/34834-sterling-falls-to-three-week-low-as-traders-await-boe-decision-reuters
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling moves tied to BoE policy expectations have no direct effect on feed commodity markets.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-holds-steady-traders-wait-boe-decision-2023-08-01/

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