# Brexit stalemate scars prosperity, says Bank of England - BBC News

> The Bank of England said UK growth is weakest since the financial crisis, with Brexit uncertainty weighing on business investment and household spending. It expects growth of 1.4% and assumes a smooth exit on March 29 with a deal. Weaker eurozone and global growth also weigh on the outlook.

- Date: 2019-02-07 · published 2019-02-07T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/60855-brexit-stalemate-scars-prosperity-says-bank-of-england-bbc-news
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Slower UK and eurozone demand and a weaker pound could reduce import demand and alter sterling-denominated feed costs, but the effect on global feed prices is modest.

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/business-47157411

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