# Sterling weakness and a lack of faith in the Bank of England | MoneyWeek

> MoneyWeek says sterling has fallen about 3% against the dollar since Boris Johnson became prime minister and pledged to leave the EU with or without a deal. The commentary attributes part of the weakness to the Bank of England's reluctance to raise interest rates.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/57847-sterling-weakness-and-a-lack-of-faith-in-the-bank-of-england-moneyweek
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Persistent sterling weakness driven by policy uncertainty keeps UK dollar-priced imports expensive, but this is analysis rather than a new shock.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- moneyweek.com: https://moneyweek.com/512318/sterling-weakness-and-a-lack-of-faith-in-the-bank-of-england

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