# Pound Sterling's Post-BoE Drop "Not Existential" says Analyst, Looks for Stabilisation against Euro and Dollar

> Sterling fell sharply after the June Bank of England decision, which upgraded growth and inflation forecasts but offered no clear hint of rate hikes. Several foreign exchange analysts expect the pound's weakness to be short-lived.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/46825-pound-sterling-s-post-boe-drop-not-existential-says-analyst-looks-for
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The pound's move reflects investor disappointment over central bank guidance rather than a change in commodity fundamentals, so it has minimal implications for feed prices.

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/15588-post-boe-drop-pound-to-euro-and-dollar-non-existential

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