# BoE Preview: Potential Market Impact On Pound Sterling On The Various Scenarios | Exchange Rates UK

> Sterling traded in a narrow range ahead of the Bank of England's Thursday policy review. Analysts at ING expected the BoE to hold rates and reaffirm that any tightening would wait for Brexit clarity, given the Article 50 extension to October 31.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/59844-boe-preview-potential-market-impact-on-pound-sterling-on-the-various-scenarios
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A hold with no clear hawkish signal leaves GBP directionless, so there is little immediate effect on dollar-denominated feed input costs.

## Read by commodity

- GBPUSD: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25607/2019-04-29-brexit-and-the-bank-of-england-boe-preview--pound-sterling-forecasts.html

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