# British Pound Pops Vs Euro And Dollar As BoE Bailey Calls Negative Rates Controversial

> Sterling rose after BoE Governor Andrew Bailey described negative interest rates as controversial, reducing market expectations of their introduction. The euro-to-pound rate fell to five-week lows near 0.8940. MUFG expected the BoE to move to negative rates despite the UK's lead on vaccines.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49420-british-pound-pops-vs-euro-and-dollar-as-boe-bailey-calls-negative-rates
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Lower UK rate expectations weaken the case for sterling-linked capital flows, but the impact on feed commodity prices is negligible. This is currency news with no direct agricultural transmission.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/31608/2021-01-12-british-pound-pops-vs-euro-and-dollar-as-boe-bailey-calls-negative-rates-controversial.html

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