# Pound Sterling Losing its Shine says Nomura

> Nomura's Jordan Rochester argues the pound is losing momentum, citing slowing UK growth, weaker credit card spending, falling data surprises and rising COVID cases among the elderly. The note came the same week UK PMI showed a sharp slowdown in private sector activity.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/45805-pound-sterling-losing-its-shine-says-nomura
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is a currency view with no direct link to feed supply or demand, so it has negligible effect on grain, meal or livestock prices.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/15878-losing-shine-pound-to-euro-and-dollar-nomura

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