# Sterling lifted by BoE comments on rate hike timing | Financial Post

> Sterling rose 0.4% against the dollar to $1.4184 on May 27 after BoE policymaker Gertjan Vlieghe said the first rate rise was likely well into 2022. He added that an earlier rise was possible if the economy rebounded faster. Analysts noted his comments were conditional on a smooth end to the furlough scheme.

- Date: 2021-05-27 · published 2021-05-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/47345-sterling-lifted-by-boe-comments-on-rate-hike-timing-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Rate-hike expectations that support sterling shift currency flows and import costs for UK buyers of dollar-priced feed ingredients. The direct impact on grain prices is minor.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-lifted-by-boe-comments-on-rate-hike-timing

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