# British Pound Holds Ground After BoE Recalibrates Amid War Uncertainties. Will GBP/USD Go Lower? | Forex trading, free forex education | Forex.ca

> The British pound steadied on March 29 after a sell-off the previous day following comments from Governor Bailey that rate hikes might be less aggressive than expected. The yen remained near six-year lows against the dollar, and WTI and Brent crude were each down about 1.5% amid Shanghai lockdowns. Benchmark 10-year Treasury yields were near 2.50%.

- Date: 2022-03-29 · published 2022-03-29T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/42525-british-pound-holds-ground-after-boe-recalibrates-amid-war-uncertainties-will
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

This is routine currency commentary with no new fundamental driver for feed commodities. The small crude decline reflects demand worries from lockdowns rather than a supply change.

## Read by commodity

- WTI: bearish ▼
- GBPUSD: neutral

## Sources

- forex.ca: https://www.forex.ca/british-pound-holds-ground-after-boe-recalibrates-amid-war-uncertainties-will-gbp-usd-go-lower/

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