# Sterling rout not yet over as no-deal Brexit odds jump - Reuters poll

> A Reuters poll of foreign exchange strategists expects sterling to keep sliding before Brexit, trading between $1.17 and $1.20. The forecast reflects rising odds of a no-deal Brexit.

- Date: 2019-08-08 · published 2019-08-08T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/57842-sterling-rout-not-yet-over-as-no-deal-brexit-odds-jump-reuters-poll
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expected further sterling weakness keeps UK import costs for dollar-priced commodities elevated. The outlook points to a firmer dollar and higher sterling feed costs.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/world/uk/sterling-rout-not-yet-over-as-no-deal-brexit-odds-jump-reuters-poll-idUSKCN1UY04A/

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