# Carney And May Take To The Stage At BoE Conference In Defence Of Free Markets And Brexit Plans

> Bank of England Governor Mark Carney and Prime Minister Theresa May spoke at a BoE conference marking two decades of central bank independence. Carney said monetary policy cannot prevent weaker real income growth from Brexit, suggesting rate rises would be limited and gradual. Sterling dropped about 50 points to a low of 1.3340 against the dollar.

- Date: 2017-09-28 · published 2017-09-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/69214-carney-and-may-take-to-the-stage-at-boe-conference-in-defence-of-free-markets
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Signals that BoE hikes will be gradual and limited weaken the case for a sustained sterling rally, which modestly raises UK buyers' cost of dollar-priced feed ingredients. The effect on feed prices is indirect.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/economics/7662-sterling-slides-after-carney-and-may-take-to-the-stage-at-boe-conference

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