# Bank of England: Interest rate decision amid Brexit uncertainty

> The Bank of England cut its 2019 UK growth forecast to 1.2% from 1.7%, its weakest outlook since the financial crisis. The nine-member MPC unanimously held Bank Rate at 0.75%, citing Brexit uncertainty and a global slowdown. Sterling fell about 0.6% to around $1.292.

- Date: 2019-02-07 · published 2019-02-07T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/60853-bank-of-england-interest-rate-decision-amid-brexit-uncertainty
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker UK outlook and softer sterling affect the cost of imported feed inputs priced in dollars for UK buyers, but the direct effect on grain and oilseed prices is limited.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2019/02/07/bank-of-england-interest-rate-decision-amid-brexit-uncertainty.html

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