# Sterling rises as Bank of England holds interest rates

> Sterling rose after the Bank of England held interest rates on January 30. The report was a brief market wrap with no further detail.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/55337-sterling-rises-as-bank-of-england-holds-interest-rates
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer pound against the dollar slightly lowers the sterling cost of dollar-priced imports for UK feed buyers.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- thetimes.com: https://www.thetimes.com/business/economics/article/sterling-rises-as-bank-of-england-holds-interest-rates-0qf5drqv0

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