# Pound Sterling Forecasts Slashed at Bank of America

> Bank of America Merrill Lynch cut its sterling forecasts and remains bearish on GBP. It cites a weak UK economy, Brexit trade uncertainty, and seasonal weakness in August to December.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/52358-pound-sterling-forecasts-slashed-at-bank-of-america
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A bearish bank forecast for sterling points to a weaker pound over coming months, which would tend to make UK-sourced imports and sterling-priced commodities relatively more expensive.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/13801-pound-to-euro-dollar-forecasts-bofa

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