# Pound Falls After Carney Says Risk of No Deal Brexit 'Uncomfortably High' - Business Insider

> The pound fell below $1.30 against the dollar on Friday after Bank of England governor Mark Carney said the risk of a no-deal Brexit was "uncomfortably high". Carney cited a stress-test scenario in which UK unemployment could more than double to 9%.

- Date: 2018-08-03 · published 2018-08-03T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/63784-pound-falls-after-carney-says-risk-of-no-deal-brexit-uncomfortably-high
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The story concerns UK recession and currency risk rather than agricultural supply or demand. Any effect on feed markets would be indirect, through the dollar.

## Sources

- businessinsider.com: https://www.businessinsider.com/pound-price-against-dollar-falls-carney-no-deal-brexit-risk-uncomfortably-high-2018-8

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