# Pound falls after BoE raises rates but sounds less sure about future hikes

> The Bank of England raised its Bank Rate by 25 basis points to 0.75% in an 8-1 vote, with Deputy Governor Jon Cunliffe dissenting in favour of holding. The central bank softened its language on further tightening, citing the energy shock from the Ukraine war. Sterling fell more than a cent against the dollar after the decision.

- Date: 2022-03-17 · published 2022-03-17T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/42522-pound-falls-after-boe-raises-rates-but-sounds-less-sure-about-future-hikes
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A more cautious BoE weakens sterling support and keeps rate expectations contained, while the energy-driven inflation spike squeezes UK demand. For feed buyers, a firmer dollar relative to the pound can make dollar-priced imported feed ingredients slightly cheaper for UK buyers.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/pound-falls-after-boe-raises-rates-sounds-less-sure-about-future-hikes-2022-03-17/

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