# Sterling falls against euro and dollar as BoE hints at cautious approach

> Sterling fell against the euro and the dollar on March 28 after Bank of England Governor Andrew Bailey's Brussels speech repeated the cautious tone of the March rate decision. Money markets priced about 135 basis points of hikes by year-end, and 10-year Treasury yields above 2.5% lifted the dollar. The pound fell 0.8% to $1.3075.

- Date: 2022-03-28 · published 2022-03-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/42523-sterling-falls-against-euro-and-dollar-as-boe-hints-at-cautious-approach
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Reduced expectations for BoE tightening weigh on sterling and support the dollar, which can shift import costs for UK and European feed buyers. The move is a currency story with limited direct effect on grain or oilseed prices.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/sterling-falls-vs-euro-and-dollar-focus-on-boe/

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