# Pound Sterling Could Actually Rise if Bank of England Slashed Interest Rates to Below Zero says Analyst

> Speculation that the Bank of England will cut its rate below zero has weighed on sterling during May, with bond markets reflecting the same move. A CME Group analyst argued that negative rates could support sterling, while HSBC viewed their FX impact as minor.

- Date: 2020-05-29 · published 2020-05-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/53390-pound-sterling-could-actually-rise-if-bank-of-england-slashed-interest-rates-to
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Market views conflict on whether sub-zero BoE rates would weaken or strengthen the pound, so the currency impact for UK feed buyers is uncertain.

## Read by commodity

- GBPUSD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/13378-pound-to-euro-and-dollar-rise-in-reaction-to-boe-negative-interest-rates

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