# Pound spikes after BoE announcement - London Business News | Londonlovesbusiness.com

> The Bank of England kept its benchmark rate at 0.75% in a unanimous 9-0 vote, in line with expectations. The bank said greater uncertainty about the EU withdrawal process had emerged, mainly in financial markets, and sterling rose to about $1.3060.

- Date: 2018-09-13 · published 2018-09-13T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/63288-pound-spikes-after-boe-announcement-london-business-news-londonlovesbusiness-com
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A hold with heightened Brexit uncertainty mainly affects sterling and UK financing costs. The direct link to feed commodity prices is minimal.

## Sources

- londonlovesbusiness.com: https://londonlovesbusiness.com/pound-spikes-after-boe-announcement/

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