# Brexit is a nightmare for currency traders

> Analysts said sterling could fall toward $1.24 after a parliamentary defeat for the Brexit deal, having dipped about 1 percent to near $1.27 before the vote. TransferWise capped user transfers at £10,000 because of expected exchange-rate volatility.

- Date: 2019-01-14 · published 2019-01-14T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/61333-brexit-is-a-nightmare-for-currency-traders
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency volatility around Brexit raises import cost uncertainty for UK feed buyers, but the story has no direct grain or feed supply impact.

## Sources

- cnn.com: https://www.cnn.com/2019/01/14/business/brexit-pound

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