# Why sterling may get another pounding from Brexit

> Analysts at Nomura warned that the pound may be too optimistic about Brexit, with markets pricing a range of possible deals from hard to soft. Prime Minister Theresa May was expected to outline a Brexit plan in a speech in the new year, though few details were anticipated.

- Date: 2016-12-22 · published 2016-12-22T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/73724-why-sterling-may-get-another-pounding-from-brexit
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Uncertainty over the terms of Brexit can drive sudden swings in sterling, which affects the cost of imported feed ingredients priced in dollars for UK buyers.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2016/12/22/why-sterling-may-get-another-pounding-from-brexit.html

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