# Bank of England (BOE) Steps Up Negative Rate Talk; British Pound (GBP USD) Falls - Bloomberg

> The Bank of England signaled it may consider cutting interest rates below zero for the first time, and will begin structured engagement with UK bank regulators on implementation. The pound fell on the news as coronavirus infections rose and no-deal Brexit risks grew.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/51369-bank-of-england-boe-steps-up-negative-rate-talk-british-pound-gbp-usd-falls
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Negative rate expectations weaken sterling, which can make UK buyers' dollar-priced feed imports relatively more expensive. The effect on grain and feed futures is limited.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-09-17/boe-steps-up-talks-on-negative-rates-amid-uncertain-outlook

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