# GBP To USD Exchange Rate Eases As Bank Of England Remains In ‘Wait And See’ Mode

> GBP/USD eased to around $1.304 after the Bank of England held rates at 0.75% with two members voting for a cut. UK November retail sales came in weaker than expected at a 19-month low.

- Date: 2020-01-01 · published 2020-01-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/55823-gbp-to-usd-exchange-rate-eases-as-bank-of-england-remains-in-wait-and-see-mode
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weak UK consumer demand and a softer pound have limited direct impact on feed commodity prices.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/28130/pound-us-dollar-exchange-rate-eases-as-bank-of-england-remains-in-wait-and-see-mode.html

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