# Pound taking a one-two punch from coronavirus and Brexit | Capital Economics

> Sterling has weakened recently due to renewed Brexit concerns and expectations that the Bank of England may cut interest rates below zero. A trade deal or an extension of the transition period could lift the pound.

- Date: 2020-05-19 · published 2020-05-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/53385-pound-taking-a-one-two-punch-from-coronavirus-and-brexit-capital-economics
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound tied to Brexit and BoE policy shifts the cost of UK-sourced goods and affects sterling-priced feed imports.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/uk-economics/uk-economics-update/pound-taking-a-one-two-punch-from-coronavirus-and-brexit

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