# Sterling slumps further as fears mount over no-deal Brexit | Sterling | The Guardian

> Sterling continued to slide on the foreign exchanges as fears grew that Boris Johnson could take Britain out of the EU without a deal. Economists warned that a weaker pound would push up import prices and consumer inflation. The article covers the cost-of-living effects of currency weakness.

- Date: 2019-07-30 · published 2019-07-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/58364-sterling-slumps-further-as-fears-mount-over-no-deal-brexit-sterling-the-guardian
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound raises UK import costs, which can affect UK demand for imported feed ingredients and the currency-driven pricing of dollar commodities. The impact is modest.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- theguardian.com: https://www.theguardian.com/business/2019/jul/30/pound-sterling-no-deal-brexit-dollar-euro-boris-johnson

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