# Pound Sterling Volatile as Nerves Build Ahead of Thursday's Bank of England Meeting

> Sterling was the worst-performing major currency over 24 hours as traders cut exposure before the BoE decision. GBP/USD was near 1.3024, and options analysts flagged downside risk toward 1.2692 if the bank signalled a cut.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/55339-pound-sterling-volatile-as-nerves-build-ahead-of-thursday-s-bank-of-england
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weaker sterling raises the local-currency cost of dollar-priced grain and meal imports into the UK, adding modest upward pressure on feed costs.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/12709-pound-loses-to-euro-and-dollar-amidst-bank-of-england-anxieties

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