# Sterling rises from one-week lows on double-barrelled policy response

> Sterling held most of its gains on March 11 after the UK government announced a 30 billion pound stimulus plan. The Bank of England had earlier cut its policy rate by half a point to 0.25%, its first out-of-schedule cut since 2008.

- Date: 2020-03-11 · published 2020-03-11T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/54368-sterling-rises-from-one-week-lows-on-double-barrelled-policy-response
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves from UK policy have little direct effect on feed grain supply or demand, so the impact on feed prices is minor. The story mainly signals coordinated policy easing against the coronavirus downturn.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2020/03/11/forex-markets-dollar-japanese-yen-swiss-franc-in-focus.html

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