# GBP/USD: Increased risks of renewed UK GDP downturn limit Brexit impact - MUFG: Analytics and Market news from 27 жовтня 2020 11:45

> MUFG economists say the pound's gain from a Brexit deal is likely to be modest. Renewed UK GDP downturn risks in Q4 and expected BoE quantitative easing are weighing on sterling.

- Date: 2020-10-27 · published 2020-10-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/50874-gbp-usd-increased-risks-of-renewed-uk-gdp-downturn-limit-brexit-impact-mufg
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound relative to the dollar tends to support dollar-denominated UK imports and dampen UK demand, a modest macro signal for feed markets.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- teletrade.org: https://www.teletrade.org/uk/analytics/market-analysis/market-news/3645051

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