# Sterling gains after strong jobs data add to pressure on BOE - Markets - Business Recorder

> Sterling rose against the dollar and euro after UK wage data showed regular pay growth of 6.7%, above expectations. The data added pressure on the Bank of England to keep raising rates ahead of US inflation figures later that day.

- Date: 2023-02-14 · published 2023-02-14T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/37569-sterling-gains-after-strong-jobs-data-add-to-pressure-on-boe-markets-business
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves in sterling have little direct effect on feed grain supply or demand, so the impact on feed prices is minimal. Stronger UK wage data mainly signals continued central bank tightening.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40226221

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