# The Pound's Slump Adds to Inflation Headache at Bank of England | Financial Post

> Bloomberg reports the pound's slump is adding to inflation pressure ahead of the Bank of England's rate decision. A Bloomberg model estimates sterling's drop since the autumn forecast could add up to 0.23 percentage points to inflation in coming quarters. The pound is the worst-performing major currency this year amid fiscal concerns.

- Date: 2025-01-29 · published 2025-01-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/26732-the-pound-s-slump-adds-to-inflation-headache-at-bank-of-england-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound raises UK import costs, which can lift domestic feed and ingredient prices priced in sterling and may keep UK rates higher for longer, affecting UK-linked feed buyers.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/the-pounds-slump-adds-to-inflation-headache-at-bank-of-england

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