# BoE Newbie Haskel Dents the Pound

> Jonathan Haskel, who joins the BoE Monetary Policy Committee in September, told Parliament's Treasury Select Committee he sees more slack in the UK economy than the BoE has factored in. He said it is a close call on rates but he agrees with the broad direction of travel. Sterling came off its daily highs after the comments.

- Date: 2018-06-26 · published 2018-06-26T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/64789-boe-newbie-haskel-dents-the-pound
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations that UK rates will stay lower for longer weaken sterling, which raises the dollar cost of imported feed ingredients for UK buyers.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/economics/9335-bank-of-england-mpc-member-haskel

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