# Sterling Jumps on BoE Comments, Dollar Softens as Stocks Rebound - ActionForex

> Sterling rose broadly after BoE Deputy Governor Ramsden said a negative interest rate was not imminent and that the bank's floor is 0.1%. Other currencies moved as stocks rebounded, with the Australian dollar strengthening and the Canadian dollar weakening.

- Date: 2020-09-28 · published 2020-09-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/51373-sterling-jumps-on-boe-comments-dollar-softens-as-stocks-rebound-actionforex
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling strength from lower negative-rate expectations slightly reduces UK feed import costs in local currency. The broader market move has little direct effect on feed commodity prices.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/market-overview/329722-sterling-jumps-on-boe-comments-dollar-softens-as-stocks-rebound/

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