# Sterling Rises as Bank of England Avoids Sub-Zero Rates

> Sterling rose against the dollar and euro after the Bank of England signaled it would avoid negative rates for at least six months. The pound was on track for a fourth weekly gain and hit its highest against the euro since May 2020.

- Date: 2021-02-05 · published 2021-02-05T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/48880-sterling-rises-as-bank-of-england-avoids-sub-zero-rates
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A stronger pound with no negative rates is a currency move with negligible direct effect on feed commodity prices.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/sterling-on-track-for-fourth-week-of-gains-after-boe-statement/

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