# Bank of England says December Rate Hike "In Play"

> Bank of England Governor Andrew Bailey told MPs that a December rate hike remains in play and that all meetings are open to a hike. He called the November hold a very tight call and said the labour market is tightening, with over 1.2 million job vacancies. The comments lifted sterling after its earlier fall.

- Date: 2021-11-15 · published 2021-11-15T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/44294-bank-of-england-says-december-rate-hike-in-play
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hawkish BoE signals support sterling and reduce the dollar's relative strength, a modest offset for dollar-priced commodities. Feed-market impact is indirect.

## Read by commodity

- DXY: neutral
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-11-02 | [Bank Rate increased to 0.50% - November 2017 \| Bank of England – the UK's central bank](https://feedsoft.ai/events/68228-bank-rate-increased-to-0-50-november-2017-bank-of-england-the-uk-s-central-bank.md) | -0.1% | -1.5% |
| DXY | 2023-12-08 | [Bank of England to hold its line against rate cut talk - Business & Finance - Business Recorder](https://feedsoft.ai/events/32954-bank-of-england-to-hold-its-line-against-rate-cut-talk-business-and-finance.md) | -0.9% | -1.1% |
| DXY | 2017-12-14 | [Bank of England unanimously votes to hold interest rates, shifting focus to inflation](https://feedsoft.ai/events/67720-bank-of-england-unanimously-votes-to-hold-interest-rates-shifting-focus-to.md) | -0.4% | -2.1% |
| DXY | 2022-10-15 | [Fed's Bullard says boost to dollar from interest rate hikes may ease \| Reuters](https://feedsoft.ai/events/39330-fed-s-bullard-says-boost-to-dollar-from-interest-rate-hikes-may-ease-reuters.md) | -0.5% | -3.8% |
| DXY | 2024-12-19 | [Bank of England delivers 'dovish hold' as growth stalls, trade risks rise \| Euronews](https://feedsoft.ai/events/27201-bank-of-england-delivers-dovish-hold-as-growth-stalls-trade-risks-rise-euronews.md) | +0.5% | +1.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/economics/16186-bank-of-england-says-december-rate-hike-in-play

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