# British pound soars as BOE rules out printing of money

> Sterling rose more than 1% against the euro and dollar despite reports that Prime Minister Boris Johnson was in intensive care. The Bank of England governor ruled out printing money, and Debenhams entered administration.

- Date: 2020-04-07 · published 2020-04-07T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/53876-british-pound-soars-as-boe-rules-out-printing-of-money
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Currency moves tied to UK monetary policy affect the cost of imported feed inputs for British buyers, with little effect on global feed prices.

## Read by commodity

- EURUSD: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-06-29 | [British Pound 'Underpinned' Near-Term](https://feedsoft.ai/events/70755-british-pound-underpinned-near-term.md) | +0.4% | +2.6% |
| EURUSD | 2018-07-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/64245-account-of-the-monetary-policy-meeting.md) | -0.7% | -1.1% |
| EURUSD | 2018-04-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/65690-account-of-the-monetary-policy-meeting.md) | -0.0% | -4.3% |
| EURUSD | 2019-05-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/59290-account-of-the-monetary-policy-meeting.md) | -0.1% | +1.1% |
| EURUSD | 2019-08-22 | [Account of the monetary policy meeting](https://feedsoft.ai/events/57801-account-of-the-monetary-policy-meeting.md) | -0.1% | -0.5% |

## Sources

- invezz.com: https://invezz.com/news/2020/04/07/british-pound-rises-after-boe-rules-out-printing-of-money/

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