# Pound-Dollar Week Ahead Forecast: Breakout Pressure Builds as BoE Decision, Payrolls Loom

> Sterling led major currencies for 2021 as the UK's vaccine rollout supported its outlook. The pound's gains were pared by profit-taking on Friday amid losses in stock and commodity markets. The Bank of England decision and U.S. payrolls were flagged as the week's key events.

- Date: 2021-01-31 · published 2021-01-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49414-pound-dollar-week-ahead-forecast-breakout-pressure-builds-as-boe-decision
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves like this affect dollar-denominated feed commodity prices only indirectly, through shifts in UK import costs and dollar strength. The effect on grain and meal prices is minor.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/14930-pound-dollar-week-ahead-forecast-breakout-pressure-builds-as-boe-decision-payrolls-loom

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