# Sterling Staring Down the Barrel of Bank of England Interest Rate Cuts

> Capital Economics now expects the Bank of England to cut rates within months, even if Brexit is delayed beyond October 31. The firm also cut GDP forecasts after ONS revisions and sees little upside for sterling. Sterling is near historically low levels.

- Date: 2019-10-10 · published 2019-10-10T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/56807-sterling-staring-down-the-barrel-of-bank-of-england-interest-rate-cuts
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expected BoE cuts and weak sterling would raise UK dollar-priced import costs for feed ingredients. Effects on global grain and meal prices are small.

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/12188-the-pound-dollar-rate-is-staring-down-the-barrel-of-bank-of-england-rate-cuts

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