# British pound most volatile currency among G-10 peers  | The National

> Sterling fell as much as 0.8% to 1.2119 against the dollar on July 30, with the cost of insuring against sterling volatility rising to the highest among G-10 currencies. Traders are increasingly worried that Prime Minister Boris Johnson will pursue a no-deal Brexit. Money markets priced a more than 60% chance of a Bank of England rate cut by December.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/58361-british-pound-most-volatile-currency-among-g-10-peers-the-national
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound raises the dollar cost of UK imports and can shift global currency flows that affect dollar-denominated feed commodity prices. The effect on feed markets is indirect and modest.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/markets/british-pound-most-volatile-currency-among-g-10-peers-1.892739

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