# Pound hits one-week high as Brexit talks begin

> Sterling hit a one-week high as three days of UK-EU trade talks began in Brussels, trading about 0.4% higher near $1.2878. Deputy Governor Dave Ramsden's comments that the rate floor is 0.1% and negative rates are possible had eased earlier negative-rate bets.

- Date: 2020-09-29 · published 2020-09-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/51370-pound-hits-one-week-high-as-brexit-talks-begin
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer pound on Brexit progress marginally lowers the sterling cost of dollar-priced feed inputs for UK buyers. Grain and oilseed prices are unaffected.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/pound-hits-one-week-high-082020796.html

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