# How Brexit hit the pound in your pocket

> The Institute for Fiscal Studies estimates the pound has lost about 15% of its value against major currencies since December 2015, with much of the fall occurring after the 2016 EU referendum. Analysis suggests UK prices are at least 2% higher than they would otherwise be. Higher import costs for food and fuel are cited as a key effect.

- Date: 2019-02-19 · published 2019-02-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/60857-how-brexit-hit-the-pound-in-your-pocket
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling weakness raises the cost of dollar-priced imports for UK buyers, a structural factor for feed procurement costs, but this is a retrospective analysis with no new price driver.

## Sources

- bbc.com: https://www.bbc.com/news/business-47212992

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