# The Latest: Pound rises further on UK rates outlook | AP News

> The pound rose above $1.40 as traders priced in a growing likelihood of another Bank of England rate increase in May. The anticipated quarter-point hike would lift the benchmark rate to 0.75 percent after the bank grew more confident about near-term growth.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/66733-the-latest-pound-rises-further-on-uk-rates-outlook-ap-news
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer pound and higher UK rates bear on feed-importing economics and dollar-denominated grain costs for UK buyers, though the link to feed commodity prices is indirect.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-07-23 | [China’s yuan steady following rate cuts, eyes on U.S. data - The Pound Hub](https://feedsoft.ai/events/29507-china-s-yuan-steady-following-rate-cuts-eyes-on-u-s-data-the-pound-hub.md) | -0.2% | -1.8% |
| USDCNY | 2023-11-15 | [Asia FX Outlook 2024: Event risk could dominate \| articles \| ING THINK](https://feedsoft.ai/events/33436-asia-fx-outlook-2024-event-risk-could-dominate-articles-ing-think.md) | -1.6% | -1.1% |
| USDCNY | 2024-08-30 | [China’s yuan volatility rising on interest rates, US presidential election: Goldman \| South China Morning Post](https://feedsoft.ai/events/29023-china-s-yuan-volatility-rising-on-interest-rates-us-presidential-election.md) | -0.1% | -1.2% |
| USDCNY | 2018-11-07 | [China's reserves fall, suggesting Beijing propping up yuan \| AP News](https://feedsoft.ai/events/62266-china-s-reserves-fall-suggesting-beijing-propping-up-yuan-ap-news.md) | +0.5% | -0.6% |
| USDCNY | 2026-09-01 | [China reins in rising yuan as weak domestic demand clouds outlook](https://feedsoft.ai/events/18092-china-reins-in-rising-yuan-as-weak-domestic-demand-clouds-outlook.md) | -0.1% | -0.2% |

## Sources

- apnews.com: https://apnews.com/general-news-772cc66a23f741769ab602980282450c

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