# Pound hits highest level since Brexit vote result as BoE signals rate hikes - as it happened | Business | The Guardian

> Sterling reached its highest level since the Brexit vote after Bank of England comments convinced traders that the first UK rate rise since June was coming. The MPC had already signaled on its policy decision day that it was nearing the time to raise rates. Traders moved to price in a rise sooner.

- Date: 2017-09-15 · published 2017-09-15T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/69211-pound-hits-highest-level-since-brexit-vote-result-as-boe-signals-rate-hikes-as
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Rising UK rate expectations strengthen sterling against the dollar, cutting UK feed importers' cost of dollar-priced commodities. The price effect is a currency move, not a change in grain supply or demand.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- theguardian.com: https://www.theguardian.com/business/live/2017/sep/15/pound-holds-on-to-highs-ahead-of-key-bank-of-england-speech-business-live?filterKeyEvents=false&page=with%3Ablock-59bba445e4b08ea005590826

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