# Sterling slips after BOE policymaker says Brexit uncertainty could mean a rate cut

> Bank of England policymaker Michael Saunders said the next move in Bank Rate could be a cut if Brexit uncertainty persists and the UK avoids a no-deal exit. Sterling slipped more than 0.4% against the dollar to around $1.228 on the comments.

- Date: 2019-09-27 · published 2019-09-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/57313-sterling-slips-after-boe-policymaker-says-brexit-uncertainty-could-mean-a-rate
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of BoE easing weaken the pound, which matters for feed buyers via dollar-based import costs and UK-linked demand. Currency moves feed into the dollar index and can shift relative export competitiveness.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-23 | [Renewed Brexit Uncertainty Could Resurface \| Investing.com](https://feedsoft.ai/events/55818-renewed-brexit-uncertainty-could-resurface-investing-com.md) | -0.9% | -0.2% |
| DXY | 2024-01-31 | [EMERGING MARKETS-Latin American stocks, FX hold gains after Fed policy decision; Colombia peso up after rate cut](https://feedsoft.ai/events/32405-emerging-markets-latin-american-stocks-fx-hold-gains-after-fed-policy-decision.md) | +0.3% | +0.4% |
| DXY | 2026-07-30 | [Dollar Slides After Fed Holds Rates Steady; BoE and BoJ Take Center Stage \| Investing.com](https://feedsoft.ai/events/18550-dollar-slides-after-fed-holds-rates-steady-boe-and-boj-take-center-stage.md) | -1.2% | -1.9% |
| DXY | 2021-11-15 | [Sterling rises from 11-month low; investors focus on Brexit and BoE \| Reuters](https://feedsoft.ai/events/44290-sterling-rises-from-11-month-low-investors-focus-on-brexit-and-boe-reuters.md) | +0.6% | +1.2% |
| DXY | 2024-02-16 | [Dollar steady after producer prices push back on Fed rate cut outlook](https://feedsoft.ai/events/31574-dollar-steady-after-producer-prices-push-back-on-fed-rate-cut-outlook.md) | -0.1% | -0.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/09/27/sterling-slips-after-boe-policymaker-says-brexit-uncertainty-could-mean-a-rate-cut.html

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