# Pound gains on rate rise optimism - BBC News

> Sterling rose on expectations of a Bank of England rate rise, while the FTSE 100 fell. Saudi Arabia's planned listing of state oil firm Aramco, billed as the largest IPO ever, was reaffirmed for an international market. Mondelez posted better-than-expected quarterly profit.

- Date: 2017-10-30 · published 2017-10-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/68716-pound-gains-on-rate-rise-optimism-bbc-news
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer pound and tighter UK policy shift currency flows that affect dollar-denominated commodity prices and import costs for UK feed buyers. The Aramco listing has little direct effect on feed grain supply or demand.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- bbc.com: https://www.bbc.com/news/live/business-41770273

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