# "The FX market is Getting Tired of Waiting for the BoE to Actually Deliver" - HSBC

> UK inflation rose to 10.1% in July, above expectations, and HSBC says rising prices are undermining UK growth prospects. HSBC expects continued sterling underperformance as the Bank of England may tighten into a sharper slowdown.

- Date: 2022-08-18 · published 2022-08-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/40292-the-fx-market-is-getting-tired-of-waiting-for-the-boe-to-actually-deliver-hsbc
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weakening UK growth and a dovish Bank of England weigh on sterling, which raises the cost of dollar-priced imports for UK feed buyers. The effect on global feed prices is minimal.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/17406-pound-to-euro-and-dollar-forecasts-mid-2022-hsbc

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