# BoE Sends Pound To Euro, Pound To Dollar Exchange Rates Soaring - Why Did Haldane Vote Hike?

> The pound jumped after the Bank of England held rates but a 6-3 vote and Andy Haldane's switch to a hike signalled that an August rise was possible. Lloyds and Maybank commented on the outlook, with Maybank noting the euro could rise as ECB President Draghi sounded more assured on inflation. EUR/USD gained 0.3% on the day.

- Date: 2018-06-22 · published 2018-06-22T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/64788-boe-sends-pound-to-euro-pound-to-dollar-exchange-rates-soaring-why-did-haldane
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A more hawkish BoE and a stronger pound lower the sterling cost of dollar-priced grains and meals for UK buyers, while the euro's outlook affects EU import costs.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/22066/boe-sends-pound-to-euro-pound-to-dollar-exchange-rates-soaring-why-did-haldane-vote-hike.html

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