# Sterling mixed after hitting new highs amid rate rise expectations

> Sterling was mixed after reaching its highest levels since November against the euro and dollar, touching $1.3602. Markets priced an 80% chance of a Bank of England hike in February after a surprise December increase.

- Date: 2022-01-10 · published 2022-01-10T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/43379-sterling-mixed-after-hitting-new-highs-amid-rate-rise-expectations
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of BoE tightening shift currency values but do not materially change supply or demand for feed commodities.

## Sources

- reuters.com: https://www.reuters.com/markets/europe/sterling-steadies-close-its-recent-highs-vs-euro-dollar-2022-01-10/?taid=61dc9176df9b5d00016ee412

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