# Bank of England hints at November interest rate rise, sending pound to one-year high - as it happened | Business | The Guardian

> The Bank of England's comments pushed sterling up by about two cents to $1.34, a one-year high. Shares of major exporters fell as the pound strengthened, and UK housebuilders also dropped on expectations that higher rates would weigh on housing demand.

- Date: 2017-09-14 · published 2017-09-14T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/69209-bank-of-england-hints-at-november-interest-rate-rise-sending-pound-to-one-year
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The move reflects the same BoE rate-hike signal that strengthened sterling, which trims UK buyers' cost of dollar-priced feed inputs. It has no direct effect on grain or livestock supply.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- theguardian.com: https://www.theguardian.com/business/live/2017/sep/14/bank-of-england-interest-rates-john-lewis-profits-halve-business-live

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