# Pound Sterling Forecast - BoE To Remain On Hold For The Rest Of 2017

> The article forecasts the Bank of England will hold rates for the rest of 2017 unless wage growth picks up. UK unemployment held at 4.7% and wage growth stayed at 2.3%, while inflation remained above target.

- Date: 2017-04-13 · published 2017-04-13T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/71733-pound-sterling-forecast-boe-to-remain-on-hold-for-the-rest-of-2017
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of steady UK rates support a range-bound pound, which keeps sterling import costs for feed ingredients stable.

## Read by commodity

- GBPUSD: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17833/gbp-pound-sterling-forecast-boe-hold-2017-interest-rates.html

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