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British Pound (GBP) Price Outlook: GBP/USD at Risk From Truck Driver Shortage

August 25, 2021

Via: DailyFX

News reports that UK restaurants and supermarkets are running out of supplies could be long-term negative for the British Pound if it delays the eventual tightening of monetary policy by the Bank of England.

McDonald’s, for example, said Tuesday that it has run out of milkshakes and some bottled drinks, adding that “a number of issues are impacting retailers in the UK at the moment, one of which is the nationwide shortage of HGV drivers.” Last week Nando’s closed some outlets after running out of chicken and the Co-op chief executive has reportedly said that food shortages are the worst he has ever seen.

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