# Bank of England Update Triggers Pound Sterling Recovery against Euro and Dollar

> Sterling recovered against the euro and dollar on 23 September after the Bank of England held rates but warned inflation could stay elevated longer than expected. Money markets priced an 87% chance of a February 2022 rate rise.

- Date: 2021-09-23 · published 2021-09-23T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/45314-bank-of-england-update-triggers-pound-sterling-recovery-against-euro-and-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A hawkish BoE stance supports sterling, which shifts import cost calculations for UK feed buyers. It has little direct effect on grain or feed supply.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/15980-bank-of-england-sept-pound-to-euro-and-pound-to-dollar

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