# Sterling rises after UK inflation data and ahead of Fed | Reuters

> Sterling gained 0.49% to $1.3227 after UK inflation data held at 2.2% in August, supporting expectations that the Bank of England would hold rates. The move came ahead of the expected start of US easing that day. Supermarket sales growth also slowed in the month.

- Date: 2024-09-18 · published 2024-09-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/28570-sterling-rises-after-uk-inflation-data-and-ahead-of-fed-reuters
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of BoE policy and a softer dollar shift the cost of dollar-priced feed imports for UK buyers. The effect on global grain prices is minimal.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-rises-after-uk-inflation-data-ahead-fed-2024-09-18/

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