# BoE Rate-Hike Speculation Keeps Sterling Afloat As Yield Trends Dominate Markets | Exchange Rates UK

> Sterling held firm on 28 September as traders priced in possible Bank of England rate hikes. GBP/USD failed to hold 1.37 amid firm US yields. Governor Bailey said interest rates could rise before the end of asset purchases.

- Date: 2021-09-28 · published 2021-09-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/45310-boe-rate-hike-speculation-keeps-sterling-afloat-as-yield-trends-dominate
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves are driven by rate expectations and yields rather than agricultural fundamentals. The implication for feed buyers is limited to import cost translation.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-02-17 | [BoE rate hike bets lift sterling as Ukraine jitters damp risk appeal - Markets - Business Recorder](https://feedsoft.ai/events/42941-boe-rate-hike-bets-lift-sterling-as-ukraine-jitters-damp-risk-appeal-markets.md) | +1.1% | +1.2% |
| DXY | 2022-02-24 | [Sterling falls below $1.36 as BoE tries to cool rate-hike bets \| Euronews](https://feedsoft.ai/events/42939-sterling-falls-below-1-36-as-boe-tries-to-cool-rate-hike-bets-euronews.md) | +1.0% | +1.2% |
| DXY | 2020-06-18 | [BoE Exchange Rates: Pound Sterling And FTSE 100 Plunge As BoE Expands QE But "Implies Big Slowdown In Growth Rate" \| Exchange Rates UK](https://feedsoft.ai/events/52867-boe-exchange-rates-pound-sterling-and-ftse-100-plunge-as-boe-expands-qe-but-and.md) | +0.1% | -0.8% |
| DXY | 2019-03-06 | [Exchange & Interest Rate Forecasts For Euro, Dollar And Pound Sterling: ING](https://feedsoft.ai/events/60348-exchange-and-amp-interest-rate-forecasts-for-euro-dollar-and-pound-sterling-ing.md) | +0.1% | +0.3% |
| DXY | 2021-09-23 | [BoE sees growing case for rate rise as inflation to stay higher for longer \| Reuters](https://feedsoft.ai/events/45307-boe-sees-growing-case-for-rate-rise-as-inflation-to-stay-higher-for-longer.md) | +1.0% | -0.0% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/34060/2021-09-28-boe-rate-hike-speculation-keeps-sterling-afloat-as-yield-trends-dominate-markets.html

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