# The British Pound is on the Offensive as a Complacent Market Wakes from Interest Rate Slumber

> Sterling gained about 1.3% against the dollar in the opening days of May ahead of the Bank of England policy decision. Analysts doubted the BoE would hike soon because of Brexit uncertainty. Markets had shifted toward other central banks dropping rate hike plans.

- Date: 2019-05-01 · published 2019-05-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/59332-the-british-pound-is-on-the-offensive-as-a-complacent-market-wakes-from
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves tied to central bank policy shift relative values of UK-linked trade flows. The link to feed commodity prices is weak.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/11268-pound-sterling-on-the-offensive-as-complacent-market-wakes-from-interest-rate-slumber

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