# BoE's Ramsden sees scope for higher rates after Brexit deal - Bloomberg | Financial Post

> Bank of England Deputy Governor Dave Ramsden said he still sees a case for gradual interest rate increases if Britain achieves a smooth EU departure. He noted the BoE's guidance still applies in a deal scenario, while some other policymakers have floated rate cuts if uncertainty persists. Sterling edged higher after his remarks.

- Date: 2019-10-18 · published 2019-10-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/56801-boe-s-ramsden-sees-scope-for-higher-rates-after-brexit-deal-bloomberg-financial
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Diverging BoE signals on rates shift expectations for sterling and the dollar, which affects dollar-denominated feed commodity prices for UK and European buyers. The effect on grain and meal prices is indirect and modest.

## Read by commodity

- USDCAD: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/boes-ramsden-sees-scope-for-higher-rates-after-brexit-deal-bloomberg

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