# Pound sterling fallen against the dollar as Bank of England deputy governor Sir Jon Cunliffe hints he'll vote against a rate hike in November

> Sterling fell against the dollar after Bank of England deputy governor Sir Jon Cunliffe suggested he might vote against a November rate hike. The pound dropped to $1.3090 before recovering slightly to $1.3131. Analysts said the hawkish camp still leaned towards a hike.

- Date: 2017-10-20 · published 2017-10-20T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/68717-pound-sterling-fallen-against-the-dollar-as-bank-of-england-deputy-governor-sir
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Doubt over a BoE hike weakens sterling and can lift the cost of USD-priced feed imports for UK buyers. The impact on grain and oilseed prices is limited.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- cityam.com: https://www.cityam.com/274252-sterling-has-fallen-against-dollar-after-bank-englands/

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