# Pound Sterling Hands Its Bank of England Gains Back to the Euro and Dollar

> Sterling gave back its earlier gains against the euro and dollar after the Bank of England held rates at its neutral stance. GBP/USD slipped to the 1.304 area as traders reacted to the decision and the Brexit outlook.

- Date: 2019-12-19 · published 2019-12-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/55820-pound-sterling-hands-its-bank-of-england-gains-back-to-the-euro-and-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves in sterling have only a modest indirect effect on feed ingredient costs for UK buyers.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/12558-pound-sterling-steadies-against-euro-and-dollar-ahead-of-bank-of-england-interest-rate-decision

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