# Brexit shock will hurt pound, slow economy in short term: BoE's Carney

> Bank of England Governor Mark Carney said a more severe Brexit shock would likely push sterling lower, raise inflation and slow growth. He added the BoE would support the economy through the transition. The remarks were made at an event unveiling a new 20-pound banknote.

- Date: 2019-10-10 · published 2019-10-10T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/56804-brexit-shock-will-hurt-pound-slow-economy-in-short-term-boe-s-carney
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expected sterling weakness under a harsh Brexit affects UK import costs and dollar-priced feed purchases marginally. Grain and meal price implications are minimal.

## Sources

- reuters.com: https://www.reuters.com/article/business/brexit-shock-will-hurt-pound-slow-economy-in-short-term-boes-carney-idUSKBN1WP1NZ/

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