# British pound dips back downward after Bank of England vote split | Brexit | Al Jazeera

> Sterling fell to a two-week low after the Bank of England voted 7-2 to hold its rate at 0.75%, with two members unexpectedly backing a cut. Markets had expected a unanimous hold and the pound dropped to around $1.28.

- Date: 2019-11-07 · published 2019-11-07T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/56317-british-pound-dips-back-downward-after-bank-of-england-vote-split-brexit-al
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A dovish BoE split raises expectations of UK rate cuts, weakening sterling; for feed buyers this is a currency move affecting UK import costs and British-priced commodity demand rather than a direct grain driver.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-03-25 | [Yen steady after intervention warning, dollar dips](https://feedsoft.ai/events/31444-yen-steady-after-intervention-warning-dollar-dips.md) | -0.1% | +0.2% |
| USDCNY | 2025-09-23 | [China’s Yuan Holds Firm After State Banks Step In - Finimize](https://feedsoft.ai/events/23116-china-s-yuan-holds-firm-after-state-banks-step-in-finimize.md) | +0.1% | +0.1% |
| USDCNY | 2022-09-29 | ['Do not bet': China's central bank PBOC warns against yuan speculation](https://feedsoft.ai/events/39805-do-not-bet-china-s-central-bank-pboc-warns-against-yuan-speculation.md) | -1.2% | +0.3% |
| USDCNY | 2021-10-22 | [China's yuan eases after regulator warn of possible actions to counter higher fluctuations - Markets - Business Recorder](https://feedsoft.ai/events/44778-china-s-yuan-eases-after-regulator-warn-of-possible-actions-to-counter-higher.md) | -0.0% | -0.1% |
| USDCNY | 2017-08-17 | [Markets still bewildered after China central bank explains yuan 'X'-factor - The Business Times](https://feedsoft.ai/events/69677-markets-still-bewildered-after-china-central-bank-explains-yuan-x-factor-the.md) | -0.5% | -2.1% |

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2019/11/7/british-pound-dips-back-downward-after-bank-of-england-vote-split

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