# Super Thursday: Sterling declines as BoE cuts growth forecasts and warns on household incomes

> Sterling retreated from early gains after the Bank of England cut UK growth forecasts and warned that household disposable income will fall next year. The Monetary Policy Committee voted to hold rates at 0.25%.

- Date: 2017-08-02 · published 2017-08-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/69719-super-thursday-sterling-declines-as-boe-cuts-growth-forecasts-and-warns-on
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weaker growth outlooks and a delayed rate path weigh on the pound, a modest factor for dollar-priced commodity purchases by UK buyers.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- investmentweek.co.uk: https://www.investmentweek.co.uk/investment-week/news/3014958/super-thursday-boe-holds-rates-025

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