# Sterling racks up record slide... but it's only going to get worse

> Sterling was on course for a record 10th straight day of decline against the euro as investors weighed the risk of a no-deal Brexit or a general election. Analysts said the pound could fall further toward early-2017 lows if May's successor adopts a harder line. Traders are bracing for a Conservative leadership contest.

- Date: 2019-05-17 · published 2019-05-17T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/59333-sterling-racks-up-record-slide-but-it-s-only-going-to-get-worse
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Political risk driving sterling weakness can change UK import costs and European trade flows for feed ingredients. The impact on global feed prices is limited.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- telegraph.co.uk: https://www.telegraph.co.uk/business/2019/05/17/sterling-racks-record-slide-going-get-worse/

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