# Bank of England official discusses the effect of Brexit on the pound  | Imperial News | Imperial College London

> Bank of England deputy governor Ben Broadbent said sterling's fall since the Brexit vote has boosted UK exporters but squeezed households through higher import prices and lower real retail spending. He expects the boost to last until the economic costs of Brexit become clear after the 2019 exit.

- Date: 2017-03-24 · published 2017-03-24T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/72234-bank-of-england-official-discusses-the-effect-of-brexit-on-the-pound-imperial
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher import prices from a weaker pound raise the cost of imported feed inputs for UK buyers and weigh on consumer demand for meat and dairy.

## Sources

- imperial.ac.uk: https://www.imperial.ac.uk/news/178386/bank-england-official-discusses-effect-brexit/

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