# Bank of England Surprise sends Pound Sterling Lower

> Sterling fell after two Bank of England MPC members, Saunders and Haskel, voted for an immediate rate cut while the rest held at 0.75%. The vote suggested a possible cut in early 2020.

- Date: 2019-11-07 · published 2019-11-07T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/56321-bank-of-england-surprise-sends-pound-sterling-lower
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of BoE easing weaken the pound against major currencies, a macro move with no direct effect on feed commodity supply or demand.

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/12359-pound-sterling-today-bank-of-england-mpr-could-prompt-downside-vs-euro-and-dollar

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