# Sterling headed for fourth weekly decline in a row

> Sterling was on track for a fourth straight weekly decline against the dollar after the Bank of England held rates and cut its growth and inflation forecasts. The pound had fallen to about $1.35 from post-Brexit highs near $1.44.

- Date: 2018-05-11 · published 2018-05-11T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/65251-sterling-headed-for-fourth-weekly-decline-in-a-row
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling weakness shifts the cost of dollar-priced feed imports for UK buyers. The rate outlook is a macro driver, so the effect on feed prices is modest.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- rte.ie: https://www.rte.ie/news/business/2018/0511/962842-sterling-losses/

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