# Sterling holds near $1.21 as traders review BoE forecasts | Reuters

> Sterling was up 0.07% at $1.2082 against a slightly weaker dollar in routine trading. Traders are reviewing Bank of England forecasts that the UK will enter recession in the fourth quarter, and the BoE raised rates by a half point to 1.75%.

- Date: 2022-08-08 · published 2022-08-08T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/40291-sterling-holds-near-1-21-as-traders-review-boe-forecasts-reuters
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is routine currency commentary with no new driver that would move feed or grain prices.

## Sources

- reuters.com: https://www.reuters.com/markets/europe/sterling-holds-near-121-traders-review-boe-forecasts-2022-08-08/

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