# Sterling rises on BoE comments - Business & Finance - Business Recorder

> 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. It also hit a six-day high against the euro. Vlieghe said he would leave the rate-setting committee in August.

- Date: 2021-05-27 · published 2021-05-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/47349-sterling-rises-on-boe-comments-business-and-finance-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of BoE tightening support sterling and change the cost of dollar-priced imports for UK buyers. The direct effect on feed prices is minimal.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40095808

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