# Is Carney an unreliable boyfriend - or just sensitive?

> The Bank of England kept rates at 0.5% and signalled a much more cautious path for rate rises, with the next increase likely later in the year. The bank cut its 2018 growth forecast after weak first-quarter GDP of 0.1%, partly blamed on bad weather.

- Date: 2018-05-10 · published 2018-05-10T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/65254-is-carney-an-unreliable-boyfriend-or-just-sensitive
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A slower rate-hike path weakens sterling and can raise dollar-priced feed import costs for UK buyers. The effect is a macro currency driver, not a grain fundamental.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- bbc.com: https://www.bbc.com/news/business-44068508

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