# The British Pound: Bank of America Eyes 10% Increase on Bank of England and Brexit Developments

> Bank of America Merrill Lynch told clients to buy sterling, projecting a 10% rise against the dollar and euro if Prime Minister May secures parliamentary approval for her Brexit deal. The pound had already gained about 4% against the dollar and 5% against the euro this year. The bank expects the Bank of England to be able to lift rates after the Brexit outcome.

- Date: 2019-03-21 · published 2019-03-21T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/60342-the-british-pound-bank-of-america-eyes-10-increase-on-bank-of-england-and
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is a currency forecast from a bank with no direct effect on feed supply or demand. Any sterling strength would only marginally change import costs for UK feed buyers.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/11065-the-british-pound-bank-of-america-eyes-10-increase-on-bank-of-england-and-brexit-developments

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