# Pound falls lower against the dollar and euro

> The pound fell below $1.29 for the first time in almost a year and hit a nine-month low against the euro. Bank of England governor Mark Carney had called the chance of a no-deal Brexit "uncomfortably high", and Liam Fox put the odds at roughly 60-40.

- Date: 2018-08-08 · published 2018-08-08T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/63782-pound-falls-lower-against-the-dollar-and-euro
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound alters UK import costs and export competitiveness but does not directly change grain or meal supply and demand. Sterling-driven dollar moves have only a marginal effect on US commodity prices.

## Sources

- bbc.com: https://www.bbc.com/news/business-45113862

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