# Pound falls against dollar ahead of Bank of England interest rate decision | The Independent | The Independent

> Sterling fell 0.25% against the dollar to $1.29 and was flat against the euro ahead of the Bank of England decision. UBS said the pound could fall to $1.15 in a cliff-edge Brexit. Prime Minister May was due in Brussels to seek concessions, with a parliamentary vote set for February 14.

- Date: 2019-02-07 · published 2019-02-07T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/60859-pound-falls-against-dollar-ahead-of-bank-of-england-interest-rate-decision-the
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Brexit-driven sterling risk affects the cost of dollar-priced feed imports for UK buyers, and a no-deal outcome would widen that pressure, though global grain prices are unlikely to move much.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- independent.co.uk: https://www.independent.co.uk/news/business/news/pound-dollar-exchange-rate-usd-gbp-bank-england-interest-rate-a8767486.html

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