# British Pound Receives a Reality Check from the Bank of England

> Sterling tumbled after the Bank of England kept a neutral policy bias in its February Inflation Report, reversing a rally traders had built on expectations of rate hikes. Analysts said the pound had looked overvalued against money-market pricing.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/72737-british-pound-receives-a-reality-check-from-the-bank-of-england
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sharp sterling sell-off after a neutral central bank stance is a currency story with negligible direct effect on feed commodity markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-21 | [Reactions: Bank of England bashes pound after halting rate rises](https://feedsoft.ai/events/34354-reactions-bank-of-england-bashes-pound-after-halting-rate-rises.md) | +1.7% | +2.3% |
| DXY | 2026-09-30 | [The British Pound rallies on a UK growth upgrade and gives more than half back](https://feedsoft.ai/events/17739-the-british-pound-rallies-on-a-uk-growth-upgrade-and-gives-more-than-half-back.md) | -0.1% | +0.7% |
| DXY | 2017-02-02 | [Bank of England Says Inflation’s OK, Pound Tumbles - WSJ](https://feedsoft.ai/events/72733-bank-of-england-says-inflation-s-ok-pound-tumbles-wsj.md) | -0.2% | +0.4% |
| DXY | 2019-08-01 | [British Pound To US Dollar (GBP/USD) Exchange Rate Hits New Post-2017 Worst As Bank Of England Cuts UK Growth Outlook \| Exchange Rates UK](https://feedsoft.ai/events/57848-british-pound-to-us-dollar-gbp-usd-exchange-rate-hits-new-post-2017-worst-as.md) | +1.1% | +2.1% |
| DXY | 2022-09-26 | [Bank of England (BOE) Won’t Hesitate to Change Rates After Pound (GBP USD) Falls - Bloomberg](https://feedsoft.ai/events/39834-bank-of-england-boe-won-t-hesitate-to-change-rates-after-pound-gbp-usd-falls.md) | +0.2% | +0.6% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/6149-gbp-to-eur-and-usd-bank-of-england-qir

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