# Pound Sterling (GBP USD): Rate Rising Before Bank of England Day - Bloomberg

> Sterling was firmer ahead of the Bank of England's rate decision, with traders showing confidence in the currency. TD expected the BoE could cut twice in 2020 and that the pound could finish the year at $1.40.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/55333-pound-sterling-gbp-usd-rate-rising-before-bank-of-england-day-bloomberg
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling and rate expectations shape the dollar value of UK-linked feed and ingredient purchases, though the link to animal feed prices is indirect.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-01-29/pound-resilience-is-here-to-stay-with-or-without-a-boe-rate-cut

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