# Pound Rises as BoE Hawkishness Supports Currency Amid Inflation Worries

> The pound edged higher after a three-week losing streak against the dollar, supported by hawkish comments from BoE policymakers. Mann had argued for faster rate increases because sterling's weakness was adding to inflation pressures, and the BoE had raised rates by 25 bps to 1.25%.

- Date: 2022-06-20 · published 2022-06-20T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/41199-pound-rises-as-boe-hawkishness-supports-currency-amid-inflation-worries
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Hawkish BoE signals support sterling but have little direct bearing on feed grain or protein prices. The main link for buyers is the broader dollar and inflation backdrop.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/sterling-eyes-tentative-rebound-after-3-week-losing-streak/

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