# Sterling holds ground as Bank of England decision nears

> Sterling held near $1.37 ahead of the Bank of England's February 4 rate decision, after reaching its highest against the dollar since May 2018 earlier in the week. Analysts expected a dovish hold.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/48886-sterling-holds-ground-as-bank-of-england-decision-nears
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Pre-decision currency positioning has no meaningful direct effect on feed commodity prices.

## Read by commodity

- GBPUSD: neutral

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/sterling-holds-ground-as-boe-rates-decision-looms-next-week-2/

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