# Pound Sterling Jolted by Bank of England Excitement, but Soon Flatlines on Forecasts for Subdued Inflation

> Sterling rose in early May ahead of the Bank of England's policy decision, which kept rates on hold with a stated plan for gradual rate rises. Analysts said markets doubted the BoE would hike again soon, and forecasts for subdued inflation limited gains. The pound was up about 1.3% against the dollar that week.

- Date: 2019-05-02 · published 2019-05-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/59328-pound-sterling-jolted-by-bank-of-england-excitement-but-soon-flatlines-on
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Central bank rate expectations drive currency flows, which affect the value of UK-linked trade and dollar-denominated commodity purchasing power. The effect on feed prices is indirect.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/11274-gbp-to-eur-and-usd-bank-of-england-may

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