# British Pound Slides Vs. Euro, Dollar As BoE Governor Bailey Plays Down Inflation Threat | Exchange Rates UK

> The pound fell to 10-week lows near 1.3775 against the dollar on July 1 after BoE Governor Bailey said inflation pressures would be temporary. The GBP/EUR rate weakened to 1.1625 from 1.1675 following the remarks.

- Date: 2021-07-01 · published 2021-07-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/46312-british-pound-slides-vs-euro-dollar-as-boe-governor-bailey-plays-down-inflation
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Central bank comments moving sterling have no direct bearing on grain, oilseed or feed ingredient markets.

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/33349/2021-07-01-british-pound-slides-vs-euro-dollar-boe-governor-bailey-inflation-threat.html

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