# UK interest rates stay at 0.25% but Bank of England hints rise is looming

> The Bank of England held its base rate at a record low of 0.25% but signaled a rate rise could come sooner than expected, possibly as early as November. Financial markets raised the odds of a November increase to 42% from 18% a week earlier. Sterling jumped more than 1% against the dollar after the decision.

- Date: 2017-10-01 · published 2017-10-01T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/69212-uk-interest-rates-stay-at-0-25-but-bank-of-england-hints-rise-is-looming
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher odds of BoE tightening support sterling, which lowers the cost for UK buyers of dollar-priced feed ingredients. The impact on feed markets runs through currency and not through supply.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- theguardian.com: https://www.theguardian.com/business/2017/sep/14/uk-interest-rates-bank-of-england-mpc-inflation

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