# Pound Sterling Sentiment Remains Fragile As BoE Saunders Continues To Back Monetary Easing | Exchange Rates UK

> Bank of England policy maker Saunders continued to back a prompt and aggressive easing response to downside economic risks, arguing it is safer to ease too much and tighten later. Sterling edged lower but stayed above $1.23 as the dollar retreated, and surveys showed about half of UK workers stopped or reduced work and about 40% of households reported lower income.

- Date: 2020-05-29 · published 2020-05-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/53384-pound-sterling-sentiment-remains-fragile-as-boe-saunders-continues-to-back
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of more BoE easing and a slow UK recovery weigh on sterling, which lowers the cost of UK-origin imports in dollar terms but adds to currency volatility for UK feed buyers.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/29639/2020-05-29-pound-sterling-sentiment-remains-fragile-boe-saunders-continues-back-monetary-easing.html

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