# Why the pound is falling and current exchange rate against the dollar and euro

> The pound is worth about $1.16 and roughly equal to the euro, down sharply from $1.35 at the start of 2022. The article attributes the decline to the UK economy, with rising bills squeezing household spending ahead of a long recession.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/40287-why-the-pound-is-falling-and-current-exchange-rate-against-the-dollar-and-euro
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weak pound against the dollar and euro makes dollar-priced feed imports more expensive for UK buyers. Global feed price impact is minimal.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- inews.co.uk: https://inews.co.uk/news/pound-falling-why-gbp-to-euro-dollar-rate-explained-1824975

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