# Sterling takes a breather as BoE policy decision looms - Markets - Business Recorder

> Sterling was steady ahead of the Bank of England policy meeting, down 0.1% against the dollar at $1.3958. Investors were watching for any concern about UK inflation, which had broken above the 2% target.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/46823-sterling-takes-a-breather-as-boe-policy-decision-looms-markets-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Pre-meeting currency positioning reflects expectations for central bank tightening, which mainly affects dollar strength and import costs for UK buyers rather than grain prices directly.

## Sources

- brecorder.com: https://www.brecorder.com/news/40102666

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