# Sterling surges, yields jump after cbank raises interest rates | Financial Post

> Sterling rose to a two-year high against the euro after the Bank of England raised its benchmark rate to 0.5%, with four MPC members voting for a larger hike. British gilt yields jumped and euro zone bond yields followed.

- Date: 2022-02-03 · published 2022-02-03T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/42943-sterling-surges-yields-jump-after-cbank-raises-interest-rates-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The move reflects monetary tightening rather than a commodity shock, so its impact on feed prices is minimal beyond a modest effect on import costs for UK buyers.

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-surges-yields-jump-after-cbank-raises-interest-rates

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