# Bank of England in No Rush to Normalise, Pound Falls Following June Statement

> The pound fell after the Bank of England held policy steady and called the rise in inflation temporary, disappointing investors who expected a more hawkish message. The bank also upgraded its growth and inflation forecasts but gave no new clues on rate hike timing.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/46821-bank-of-england-in-no-rush-to-normalise-pound-falls-following-june-statement
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves tied to central bank tone shift dollar strength, which affects dollar-denominated feed ingredient prices for importers. The effect on commodity prices is limited.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-31 | [Strong July Pound Sterling Buying Stalls as Traders Focus on Bank of England \| Currency News UK](https://feedsoft.ai/events/29547-strong-july-pound-sterling-buying-stalls-as-traders-focus-on-bank-of-england.md) | -0.5% | -1.9% |
| DXY | 2022-09-26 | [Bank of England (BOE) Won’t Hesitate to Change Rates After Pound (GBP USD) Falls - Bloomberg](https://feedsoft.ai/events/39834-bank-of-england-boe-won-t-hesitate-to-change-rates-after-pound-gbp-usd-falls.md) | +0.2% | +0.6% |
| DXY | 2022-09-28 | [What is the Bank of England doing in bid to stabilise UK economy? \| Bank of England \| The Guardian](https://feedsoft.ai/events/39833-what-is-the-bank-of-england-doing-in-bid-to-stabilise-uk-economy-bank-of.md) | -1.8% | -1.5% |
| DXY | 2026-06-18 | [VIEW Bank of England leaves rates on hold, sterling falls \| Reuters](https://feedsoft.ai/events/19057-view-bank-of-england-leaves-rates-on-hold-sterling-falls-reuters.md) | +1.4% | +1.0% |
| DXY | 2017-02-02 | [Bank of England Says Inflation’s OK, Pound Tumbles - WSJ](https://feedsoft.ai/events/72733-bank-of-england-says-inflation-s-ok-pound-tumbles-wsj.md) | -0.2% | +0.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/15584-bank-of-england-sends-pound-to-euro-and-dollar-lower

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