# Sterling eases as UK consumer spending slows

> Sterling eased as UK consumer spending slowed, with households taking on unsecured loans while mortgage rates rise. The article text is fragmentary and gives limited detail beyond the consumer credit squeeze.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/34831-sterling-eases-as-uk-consumer-spending-slows
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weaker UK consumer demand and currency moves have no meaningful direct bearing on global feed grain or protein supply, demand or prices.

## Sources

- reuters.com: https://www.reuters.com/world/uk/sterling-eases-uk-consumer-spending-slows-2023-08-08/

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