As all of Britain’s supermarket chains must deal with the effects of a fall in the value of the pound in the wake of Brexit, Sainsburys chief executive Mike Coupe stated that, “The market remains very competitive and the impact of cost price pressures remains uncertain”. This comes after the company announced sales figures in its fourth fiscal quarter that were marginally lower than expected. At stores open over a year, sales fell by 0.5% excluding fuel compared to many analysts’ predictions of growth between 1% and 3%. The company noted that the outcome was in line with its third quarter when like-for-like sales saw an increase of 0.1%.