# Pound crashes as City labels Bank of England governor Andrew Bailey an 'unreliable boyfriend' | This is Money

> Sterling fell about 1.4% to $1.35 on November 4 after the Bank of England held rates instead of raising them as traders had expected. Commentators criticised Governor Andrew Bailey's signalling ahead of the decision. The pound's drop reflected the surprise hold.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/44296-pound-crashes-as-city-labels-bank-of-england-governor-andrew-bailey-an
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling weakness against the dollar makes dollar-priced feed ingredients slightly dearer for UK buyers. The commodity price impact is small.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- thisismoney.co.uk: https://www.thisismoney.co.uk/money/markets/article-10167043/Pound-crashes-City-labels-Bailey-unreliable-boyfriend.html

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