# Pound Sterling Lifted after BoE Dove Vlieghe Hawks More Rate Rises

> Bank of England MPC member Gertjan Vlieghe said robust UK labour market conditions probably warrant a sustained tightening cycle, expecting one or two quarter-point rate rises per year. The pound gained as a result, and the Brexit transition was cleared at an EU Council meeting.

- Date: 2018-03-23 · published 2018-03-23T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/66234-pound-sterling-lifted-after-boe-dove-vlieghe-hawks-more-rate-rises
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expected BoE tightening supports sterling, which has a small indirect effect on UK feed import costs and little direct effect on grain prices.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/8759-pound-sterling-lifted-after-boe-s-dove-vlieghe-hawks-more-rate-rises

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