# Why interest rates predictions have suddenly shifted

> Markets moved to expect the first Bank of England rate rise as soon as February 2018, after UK CPI hit 2.9% in May. Three MPC members had voted for a rise at the June meeting.

- Date: 2017-07-10 · published 2017-07-10T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/70207-why-interest-rates-predictions-have-suddenly-shifted
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK rate expectations support the pound and interest-rate-sensitive sterling trade, with a limited direct effect on feed commodity prices.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- schroders.com: https://www.schroders.com/en-us/us/individual/insights/why-interest-rates-predictions-have-suddenly-shifted/

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