# Pound-Dollar Rate Volatile after Bank of England Says to Buy More Bonds, but at Slower Pace

> The Bank of England raised its asset purchase target by £100bn to £745bn, but said the purchases would be spread over a longer period, slowing the weekly pace. Sterling rallied briefly and then turned volatile after the decision, which the BoE said was less damaging than feared.

- Date: 2020-06-18 · published 2020-06-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/52866-pound-dollar-rate-volatile-after-bank-of-england-says-to-buy-more-bonds-but-at
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Slower QE reads as less monetary support, which tends to firm the pound and weigh on sterling-linked commodity and currency flows; for feed buyers the impact is indirect and small.

## Read by commodity

- USDCAD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/13522-pound-dollar-rate-volatile-after-bank-of-england-says-to-buy-more-bonds-at-slower-pace

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