# Pound turns higher on Brexit court ruling and Bank of England report

> Sterling rose about two cents to near $1.25 after Bank of England forecasts and a UK court ruling that delayed EU divorce proceedings. The pound was still near 31-year lows against the dollar.

- Date: 2016-11-03 · published 2016-11-03T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/74074-pound-turns-higher-on-brexit-court-ruling-and-bank-of-england-report
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency swings tied to Brexit and BoE policy alter the purchasing power of UK feed buyers importing dollar-priced ingredients, with limited direct grain price impact.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- news.sky.com: https://news.sky.com/story/pound-turns-higher-on-brexit-court-ruling-and-bank-of-england-report-10643232

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