# Why Tighter Monetary Policy Is Unlikely to Help the Pound

> After the Bank of England's announcement, the pound rose nearly 1.2% against the dollar. Officials signaled they were less eager to keep increasing monetary stimulus, as the UK economy appeared to have weathered near-term effects of leaving the EU.

- Date: 2016-11-03 · published 2016-11-03T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/74073-why-tighter-monetary-policy-is-unlikely-to-help-the-pound
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer pound on reduced BoE easing has limited direct effect on feed grain prices, though a stronger sterling marginally eases UK feed import costs.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- wsj.com: https://www.wsj.com/articles/BL-MBB-55176

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