# The Pound Could be in for a BoE-sized Surprise this Week

> Economists said the Bank of England could signal a possible rate hike around mid-summer, despite markets pricing only about a 25% chance of a hike this year. The MPC was expected to hold Bank Rate at 0.75% but might recalibrate its guidance.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/59845-the-pound-could-be-in-for-a-boe-sized-surprise-this-week
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A hawkish surprise would lift sterling against the dollar, which matters for UK-linked import costs and dollar-priced commodities.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/11250-the-pound-to-dollar-rate-could-be-in-for-a-boe-sized-surprise-this-week

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