# Sterling falls below $1.36 as BoE tries to cool rate-hike bets | Euronews

> Sterling edged lower against the dollar and euro after BoE Governor Andrew Bailey told parliament inflation risks are clear but markets should not get carried away with the scale of future rate hikes. Sterling fell below $1.36 later in the day after BoE speeches.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/42939-sterling-falls-below-1-36-as-boe-tries-to-cool-rate-hike-bets-euronews
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves like this are a macro input for feed buyers because a firmer dollar tends to pressure US commodity export competitiveness and dollar-denominated feed prices, though the effect here is small.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-28 | [BoE Rate-Hike Speculation Keeps Sterling Afloat As Yield Trends Dominate Markets \| Exchange Rates UK](https://feedsoft.ai/events/45310-boe-rate-hike-speculation-keeps-sterling-afloat-as-yield-trends-dominate.md) | +0.5% | -0.1% |
| DXY | 2022-02-17 | [BoE rate hike bets lift sterling as Ukraine jitters damp risk appeal - Markets - Business Recorder](https://feedsoft.ai/events/42941-boe-rate-hike-bets-lift-sterling-as-ukraine-jitters-damp-risk-appeal-markets.md) | +1.1% | +1.2% |
| DXY | 2026-04-29 | [Canadian dollar steadies as oil lifts BoC rate hike bets - The Globe and Mail](https://feedsoft.ai/events/19934-canadian-dollar-steadies-as-oil-lifts-boc-rate-hike-bets-the-globe-and-mail.md) | -0.1% | +0.3% |
| DXY | 2021-09-23 | [BoE sees growing case for rate rise as inflation to stay higher for longer \| Reuters](https://feedsoft.ai/events/45307-boe-sees-growing-case-for-rate-rise-as-inflation-to-stay-higher-for-longer.md) | +1.0% | -0.0% |
| DXY | 2023-01-30 | [BoE Expected to Hike Rates Amid Central Bank Meetings](https://feedsoft.ai/events/38017-boe-expected-to-hike-rates-amid-central-bank-meetings.md) | +0.5% | +2.1% |

## Sources

- euronews.com: https://www.euronews.com/2022/02/24/britain-sterling

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