# Pound looks more attractive bet for some banks after BoE selloff - Gulf Times

> Sterling fell almost 6% in the three weeks before the May Bank of England meeting as traders cut bets on a rate hike. After the bank held rates, some banks including NatWest and Nomura said the pound was attractive to buy, with NatWest targeting $1.50 in a year.

- Date: 2018-05-13 · published 2018-05-13T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/65253-pound-looks-more-attractive-bet-for-some-banks-after-boe-selloff-gulf-times
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Bank forecasts for a stronger pound would lower UK feed import costs if they play out. Currency flows, not grain supply, are the driver.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- gulf-times.com: https://www.gulf-times.com/story/592568/pound-looks-more-attractive-bet-for-some-banks-after-boe-selloff

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