# Bank of England less gloomy about Brexit; UK 'falling into recession' - as it happened

> Coverage of a Bank of England update to MPs said the economic damage from a no-deal Brexit would be smaller than earlier estimated, with GDP now seen falling about 5.5%. Unemployment could reach 7% and inflation 5.5% under that scenario.

- Date: 2019-09-04 · published 2019-09-04T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/57319-bank-of-england-less-gloomy-about-brexit-uk-falling-into-recession-as-it
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A UK recession outlook affects sterling and UK meat and dairy demand at the margin. The effect on feed commodity prices is small.

## Sources

- theguardian.com: https://www.theguardian.com/business/live/2019/sep/04/pound-sterling-markets-rally-no-deal-brexit-bank-of-england-business-live

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