# Bank of England seeks to eliminate confusion - FM

> The Bank of England is rethinking how it signals future rate moves after markets wrongly expected a November hike. New chief economist Huw Pill plans to improve communication, and sterling suffered its sharpest daily fall in 18 months.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: policy · region UK · magnitude low
- Page: https://feedsoft.ai/events/43868-bank-of-england-seeks-to-eliminate-confusion-fm
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Clearer central bank signalling should reduce sudden currency swings that affect sterling-priced feed imports. The direct commodity price impact is small.

## Read by commodity

- GBPUSD: neutral

## Sources

- fm-magazine.com: https://www.fm-magazine.com/news/2021/dec/bank-of-england-seeks-eliminate-monetary-policy-signalling-confusion/

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