# Pound Sterling Rallies on Bank of England Decision

> The pound rose against the euro, dollar and other major currencies after the Bank of England expanded quantitative easing by £150 billion, more than the £100 billion markets had expected. Rates were left at 0.10% on a unanimous 9-0 vote, and the bank did not mention negative rates.

- Date: 2020-11-05 · published 2020-11-05T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/50421-pound-sterling-rallies-on-bank-of-england-decision
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling strength after the decision is a currency effect that can shift dollar-based comparisons for UK-linked buyers. The move is not a direct driver of feed commodity supply or demand.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/14493-pound-to-euro-and-dollar-brexit-negotiations-on-edge

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