# British Pound Never Been This Cheap, Standard Chartered Says

> Standard Chartered says the pound has fallen to its most undervalued level ever against the dollar. It expects the UK coronavirus lockdown to eventually trigger a recovery in the currency.

- Date: 2020-04-01 · published 2020-04-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/54369-british-pound-never-been-this-cheap-standard-chartered-says
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A cheaper pound makes UK buyers' dollar-priced feed imports more expensive while supporting UK export competitiveness. The effect on global feed prices is small.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-03-26/standard-chartered-says-lockdown-to-boost-record-cheap-pound

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