# BlueBay’s Pound U-Turn Signals U.K. Post-Brexit Pain Starts Now - Bloomberg

> Sterling has slipped more than 1% in March after a rally since September that had taken it to its strongest level in almost three years. Investors are reacting to fading enthusiasm for the UK vaccine rollout, worries about the post-Brexit economy, and pressure on public finances.

- Date: 2021-03-28 · published 2021-03-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/48373-bluebay-s-pound-u-turn-signals-u-k-post-brexit-pain-starts-now-bloomberg
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound against the dollar has little direct effect on feed supply or demand. It is a background currency move for UK importers of dollar-priced feed ingredients.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-03-28/pain-points-sharpen-for-u-k-pound-as-bluebay-sees-drop-to-1-30

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