# Why the Bank of England Might Talk up the British Pound

> Bank of England deputy governor Ben Broadbent observed that sterling's depreciation since the referendum has not boosted exports as much as expected, because firms are uncertain about Brexit. A strategist argues that inflation is largely imported through the weak pound.

- Date: 2017-03-28 · published 2017-03-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/72230-why-the-bank-of-england-might-talk-up-the-british-pound
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weak pound raises UK import costs, which can lift the price of imported feed ingredients while the policy debate over currency support continues.

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/6464-the-pound-needs-sweet-talking-higher-cue-bank-of-england

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