# Pound volatile after surprise Bank vote

> Sterling rose almost a cent against the dollar after three Bank of England policymakers voted for a rate rise in the June meeting. The Bank kept rates at 0.25%, but the 5-3 split was the closest vote for a hike since 2007. Analysts still expected most MPC members to hold rates through the year, and the FTSE 100 fell as the pound strengthened.

- Date: 2017-06-15 · published 2017-06-15T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/70751-pound-volatile-after-surprise-bank-vote
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A split MPC vote that raises the chance of earlier tightening supports sterling and weighs on UK equities through currency translation. The direct effect on feed and grain markets is minor.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- bbc.com: https://www.bbc.com/news/business-40285730

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