# Bank of England will be 'prudent not passive' after Brexit - Carney

> Bank of England Governor Mark Carney said policymakers will be 'prudent not passive' after Britain leaves the EU, closely watching exchange rates and other inflation factors. Brexit jitters have raised British banks' funding costs and hit domestic-focused shares. Markets saw only about a 50 percent chance of a BoE rate hike this year.

- Date: 2019-01-09 · published 2019-01-09T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/61328-bank-of-england-will-be-prudent-not-passive-after-brexit-carney
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Feed buyers see little direct grain impact here; the story mainly signals sterling and rate volatility that can affect UK import costs and the GBP-linked feed trade.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-15 | [Bank of England says December Rate Hike "In Play"](https://feedsoft.ai/events/44294-bank-of-england-says-december-rate-hike-in-play.md) | +0.6% | +1.2% |
| DXY | 2017-11-02 | [Bank Rate increased to 0.50% - November 2017 \| Bank of England – the UK's central bank](https://feedsoft.ai/events/68228-bank-rate-increased-to-0-50-november-2017-bank-of-england-the-uk-s-central-bank.md) | -0.1% | -1.5% |
| DXY | 2020-09-11 | [Euro Retreats after ECB Blows Hot and Cold On Currency Strength and 'No Deal' Brexit Risk Builds](https://feedsoft.ai/events/51337-euro-retreats-after-ecb-blows-hot-and-cold-on-currency-strength-and-no-deal.md) | -0.4% | +0.2% |
| DXY | 2023-12-08 | [Bank of England to hold its line against rate cut talk - Business & Finance - Business Recorder](https://feedsoft.ai/events/32954-bank-of-england-to-hold-its-line-against-rate-cut-talk-business-and-finance.md) | -0.9% | -1.1% |
| DXY | 2017-02-24 | [The pound is the 'most undervalued major currency in the world and will rebound to its pre-Brexit levels' \| The Independent \| The Independent](https://feedsoft.ai/events/72741-the-pound-is-the-most-undervalued-major-currency-in-the-world-and-will-rebound.md) | +1.0% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/article/uk-britain-boe-carney/bank-of-englands-carney-sees-chinas-yuan-as-possible-reserve-currency-idUSKCN1P31T6/

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