# Bank of England Disappoints those Wanting a Stronger Pound by Steering a Steady Course in March Policy Decision

> The Bank of England held policy steady in March and signalled it would not tighten until inflation rose significantly and spare capacity was eliminated. The dovish tone on the labour market weighed on sterling. Analysts said the decision did not undermine the pound's broader upward trend.

- Date: 2021-03-18 · published 2021-03-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/48375-bank-of-england-disappoints-those-wanting-a-stronger-pound-by-steering-a-steady
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Lower UK rate expectations weaken the pound against the dollar, which slightly raises the sterling cost of dollar-priced feed imports. The effect on global feed prices is minimal.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/15165-pound-to-euro-falls-from-highs-in-wake-of-bank-of-england

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