# Sterling near one-week low vs dollar, eyes on BoE’s Bailey - Markets - Business Recorder

> Sterling traded near a one-week low against the dollar as slowing growth and Scottish independence referendum plans weighed on the currency. Markets were watching BoE Governor Andrew Bailey's speech in Sintra for hints on an August rate hike, with money markets pricing a 25 bp move and a 78% chance of 50 bps.

- Date: 2022-06-29 · published 2022-06-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/41196-sterling-near-one-week-low-vs-dollar-eyes-on-boe-s-bailey-markets-business
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of tighter BoE policy and rising political risk pressure sterling, which has only a minor effect on agricultural commodity prices. The story is routine currency market commentary with no direct link to feed supply or demand.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40183259

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