# Bank of England Rate Decision: Will Pound Weaken?

> Sterling held ground against the dollar and euro as traders awaited the Bank of England's February 4 rate decision. Analysts said a dovish hold was the consensus, and that even a hint of further easing could push the pound lower. The central bank was also set to publish findings on banks' readiness for negative rates.

- Date: 2021-01-30 · published 2021-01-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49415-bank-of-england-rate-decision-will-pound-weaken
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A dovish BoE stance would weaken sterling against the dollar, which has little direct bearing on feed grain or meal prices. The impact on animal feed markets is negligible.

## Read by commodity

- GBPUSD: neutral

## Sources

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

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