# Bank of England to Remain a Source of Support for Pound Sterling

> Sterling failed to rally after the March Bank of England meeting, which stressed that rate hikes remain a long way off. Analysts expect the central bank's narrative to remain supportive of the currency over coming months. Capital Economics argues that rates could stay at +0.10% until 2026.

- Date: 2021-03-19 · published 2021-03-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/48376-bank-of-england-to-remain-a-source-of-support-for-pound-sterling
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of prolonged low UK rates weigh on sterling, which can marginally change the cost of dollar-denominated feed for UK buyers. The effect on feed markets is small.

## Read by commodity

- GBPUSD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/15168-pound-to-euro-and-dollar-bank-of-england-source-of-support

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