# Bank of England slashes UK growth outlook over ‘fog of Brexit’ - World - DAWN.COM

> The Bank of England cut its 2019 UK growth forecast to 1.2% from 1.7%, blaming a global slowdown and Brexit uncertainty. Governor Mark Carney said the UK was not prepared for a no-deal exit. The EU and UK agreed to hold further talks after Prime Minister May met Commission President Juncker.

- Date: 2019-02-08 · published 2019-02-08T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/60860-bank-of-england-slashes-uk-growth-outlook-over-fog-of-brexit-world-dawn-com
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Heightened no-deal risk and weaker UK demand could weaken sterling and reduce UK import demand, a modest factor for feed markets absent a direct change in commodity supply.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- dawn.com: https://www.dawn.com/news/1462529

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