# Why is the pound so twitchy about Brexit? - BBC News

> Sterling fell after reports suggested Prime Minister Theresa May was aiming for a hard Brexit that would end free movement of goods and services in exchange for immigration controls. The pound is trading near $1.20, the level it hit during the October flash crash.

- Date: 2017-01-16 · published 2017-01-16T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/73220-why-is-the-pound-so-twitchy-about-brexit-bbc-news
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Brexit-driven sterling weakness is a political currency move with no direct effect on feed commodity supply or demand.

## Sources

- bbc.com: https://www.bbc.com/news/business-38634672

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