# Pound Slides From 11-Month High as BOE Keeps Rates Unchanged - Bloomberg

> The pound fell from an 11-month high against the dollar after the Bank of England voted 6-2 to keep rates at a record-low 0.25%. The central bank also cut its 2017 UK growth forecast to 1.7% from 1.9%.

- Date: 2017-08-03 · published 2017-08-03T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/69717-pound-slides-from-11-month-high-as-boe-keeps-rates-unchanged-bloomberg
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A hold with weaker growth forecasts pushes back expected rate hikes, which weakens sterling and affects the purchasing power of UK feed importers.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-08-03/pound-climbs-to-11-month-high-as-services-data-beat-estimates

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