# Pound boosted as Bank deputy calms fears about negative rates

> Deputy Governor Sir Dave Ramsden said the Bank of England's base rate had most likely reached its 0.1% floor and that negative rates would not be implemented soon. Sterling jumped 1.4% to $1.2925 before falling back to about $1.28.

- Date: 2020-09-28 · published 2020-09-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/51372-pound-boosted-as-bank-deputy-calms-fears-about-negative-rates
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Reduced expectations of negative rates support sterling against the dollar, a minor factor for UK feed import costs. Grain and feed price direction is not affected.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- thetimes.com: https://www.thetimes.com/business/economics/article/bank-official-calms-fears-that-negative-interest-rates-are-imminent-r8fgvhxcs

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