# Pound To Dollar Conversion Rate Holds Ground Despite Falling UK Confidence

> The pound held near its recent level against the dollar after rising from 1.3136 to 1.3208 on Monday on hopes for a BoE hike. UK consumer confidence slipped to -10 in October, in line with forecasts. The BoE warned that a bad Brexit deal could cost 75,000 jobs.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/68718-pound-to-dollar-conversion-rate-holds-ground-despite-falling-uk-confidence
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Brexit and consumer-confidence risks keep sterling volatile, which feeds into the cost of USD-priced imports for UK feed compounders. Direct effects on feed grain prices are minimal.

## Read by commodity

- GBPUSD: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/19510/gbpusd-exchange-rate-news-and-five-day-currency-predictions-forecast.html

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