# Sterling edges off multi-month highs as traders focus on Bank of England | Kitco News

> Sterling eased from multi-month highs against the dollar and euro ahead of the Bank of England decision. Markets expected a 25 basis point rise and focused on guidance about future rate increases. The pound was about $1.258 at the time.

- Date: 2023-05-11 · published 2023-05-11T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/36196-sterling-edges-off-multi-month-highs-as-traders-focus-on-bank-of-england-kitco
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency commentary ahead of a rate decision has no direct link to feed commodity supply or prices.

## Read by commodity

- GBPUSD: neutral

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-05-11/sterling-edges-multi-month-highs-traders-focus-bank-england

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