# All eyes on Bank of England

> A preview of the Bank of England's rate decision due Thursday notes the bank kept its rate at a record low of 0.1% last month and expanded its bond purchases. It also cut its Q4 UK GDP forecast, and the analyst says a dovish tone would weaken the pound.

- Date: 2020-12-11 · published 2020-12-11T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49914-all-eyes-on-bank-of-england
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A dovish Bank of England would weaken sterling, which raises UK import costs for dollar-priced feed. The effect on grain prices is indirect.

## Read by commodity

- GBPUSD: neutral

## Sources

- fbs.eu: https://fbs.eu/en/analytics/news/all-eyes-on-bank-of-england-10272

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