# Sterling slips after BoE's Mann warns of risks for the pound | Financial Post

> Sterling slipped against the dollar on March 7 after BoE rate-setter Catherine Mann warned the pound could be vulnerable if hawkish messages from the Fed and ECB were not yet priced in. Money markets expected the BoE rate to peak at 4.75% in September.

- Date: 2023-03-07 · published 2023-03-07T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/37128-sterling-slips-after-boe-s-mann-warns-of-risks-for-the-pound-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of further tightening in the US and Europe support the dollar against sterling. This is a currency-driven move with only indirect effects on feed commodity prices.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-slips-after-boes-mann-warns-of-risks-for-the-pound

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