# Sterling Edges Down As Traders Eye BoE Speech - Babypips.com

> Sterling edged down from $1.33 as investors weighed the resignations of two UK ministers over Brexit plans and the impact on an expected summer BoE rate hike. Traders awaited a speech by Governor Mark Carney.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/64277-sterling-edges-down-as-traders-eye-boe-speech-babypips-com
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Political turmoil tied to Brexit weakens the pound and shifts the cost of dollar-priced imports for UK buyers, though the effect on grain and feed prices is limited.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- babypips.com: https://www.babypips.com/news/sterling-edges-traders-eye-boe-speech

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