This boosted the dollar's value against almost all other currencies. At the same time, a serious energy crisis erupted in the United Kingdom in the autumn and early winter, resulting in the consolidation of the electricity supplier market and affecting economic growth forecasts. The growth of the Bank of England rate at the last two meetings somewhat smoothens the fall of the pound against the dollar, but the trend towards further strengthening of the American currency is obvious. So far, the pound is clearly holding the trend line, but its breakout will open the way to 1.20 at the current values of 1.31.