# Pound fights for reprieve as economy flails - The Business Times

> The pound gained for two weeks to end a month of losses, mostly on weaker demand for the dollar as a haven rather than local strength. UK private sector growth slid unexpectedly in May, and the Bank of England faces a squeeze between inflation and slowing growth.

- Date: 2022-05-29 · published 2022-05-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/41645-pound-fights-for-reprieve-as-economy-flails-the-business-times
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The mixed picture means sterling direction is uncertain, and weak UK growth limits demand for feed and animal products. Global feed price impact is minimal.

## Read by commodity

- GBPUSD: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/pound-fights-reprieve-economy-flails

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