# Lethargic pound could use an economic tonic | The National

> Sterling dropped below $1.30 for the first time in seven weeks and posted its fourth straight weekly decline against the dollar. Traders were looking to upcoming UK GDP and trade data for signs of economic strength that could support the currency.

- Date: 2018-08-06 · published 2018-08-06T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/63786-lethargic-pound-could-use-an-economic-tonic-the-national
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling weakness reflects UK-specific Brexit and growth concerns, not agricultural fundamentals. Its effect on feed commodity prices is negligible.

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/economy/lethargic-pound-could-use-an-economic-tonic-1.757288

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