# GBP: Stormy Outlook As Dark Clouds Gather Over Westminster  | Investing.com

> ING expects Westminster political uncertainty to persist until at least October and forecasts GBP/USD troughing at 1.27-1.28 in the third quarter, despite an expected August BoE hike. The bank cut its previous third-quarter forecast of 1.34-1.35.

- Date: 2018-07-20 · published 2018-07-20T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/64278-gbp-stormy-outlook-as-dark-clouds-gather-over-westminster-investing-com
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker pound outlook raises sterling-denominated costs for dollar-priced feed imports into the UK, though the link to global feed commodity prices is indirect.

## Read by commodity

- EURUSD: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-08-27 | [Forex - Weekly outlook: August 28 - September 1 By Investing.com](https://feedsoft.ai/events/69640-forex-weekly-outlook-august-28-september-1-by-investing-com.md) | +0.0% | -0.2% |
| EURUSD | 2021-10-28 | [Euro Has Best Day In 5 Months, While U.S. GDP Overshadows ECB \| Investing.com](https://feedsoft.ai/events/44757-euro-has-best-day-in-5-months-while-u-s-gdp-overshadows-ecb-investing-com.md) | -0.1% | -2.6% |
| EURUSD | 2026-07-31 | [US Dollar Hits Post-FOMC Perfect Storm \| Investing.com AU](https://feedsoft.ai/events/8422-us-dollar-hits-post-fomc-perfect-storm-investing-com-au.md) | -0.0% | +1.1% |
| EURUSD | 2022-11-07 | [Euro, sterling bounce, dollar drops as investors cash in](https://feedsoft.ai/events/6252-euro-sterling-bounce-dollar-drops-as-investors-cash-in.md) | +4.5% | +6.1% |
| EURUSD | 2017-09-01 | [South European bonds outperform as strong euro makes investors bolder \| Reuters](https://feedsoft.ai/events/69160-south-european-bonds-outperform-as-strong-euro-makes-investors-bolder-reuters.md) | +1.2% | -0.7% |

## Sources

- investing.com: https://www.investing.com/analysis/gbp-stormy-outlook-as-dark-clouds-gather-over-westminster-200332085

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