# Pound Sterling Forecast to Extend post-BoE Rally against Euro and Dollar, Although 2021 Highs Remain a Hard Ask for Bulls

> Sterling rallied after the Bank of England's September policy update was judged more hawkish than expected. Money markets priced an February 2022 rate hike at 87% probability and about 40 basis points of hikes by September 2022. Analysts forecast further gains.

- Date: 2021-09-24 · published 2021-09-24T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/45312-pound-sterling-forecast-to-extend-post-boe-rally-against-euro-and-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Hawkish central bank pricing supports sterling against the dollar and euro, influencing import costs for UK feed buyers. The effect on grain and feed prices is indirect.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/15984-hawkish-boe-pound-to-euro-and-pound-to-dollar

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