# Pound, gold and oil prices in focus: commodity and currency check, 17 January

> Sterling slipped 0.3% to $1.2196 after weaker-than-expected UK retail sales for December. Traders now expect three Bank of England rate cuts this year. Gold held near a five-week high.

- Date: 2025-01-17 · published 2025-01-17T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/26734-pound-gold-and-oil-prices-in-focus-commodity-and-currency-check-17-january
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Routine currency and commodity wrap with no major feed-specific driver; weak UK demand supports rate-cut expectations that feed through to sterling.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- uk.finance.yahoo.com: https://uk.finance.yahoo.com/news/pound-gold-oil-prices-092643041.html

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