# British Pound (GBP USD) Price Quote Risks ‘Existential’ Crisis, BofA Warns - Bloomberg

> Bank of America strategists warned investors to hedge for an 'existential' sterling crisis, saying the pound is showing struggles usually seen in emerging markets. The warning cites political interference in policy and a Bank of England seen as flailing.

- Date: 2022-05-30 · published 2022-05-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/41638-british-pound-gbp-usd-price-quote-risks-existential-crisis-bofa-warns-bloomberg
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound raises the dollar cost of UK-linked imports and can shift demand for dollar-priced feed ingredients. The effect on grain and meal prices is indirect and small.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-05-30/sterling-risks-existential-crisis-with-em-parallels-bofa-says

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