# Pound Sterling Today: UK Inflation Falls, US Retail Sales To Drive GBP Vs EUR, USD

> The pound touched 1.2500 against the dollar on November 15 after US consumer price data showed headline inflation falling to 3.2% from 3.7%, below expectations. The data triggered a Treasury rally, a fall in yields and a sell-off in the dollar. Markets also ruled out further Fed rate hikes.

- Date: 2023-11-15 · published 2023-11-15T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/33428-pound-sterling-today-uk-inflation-falls-us-retail-sales-to-drive-gbp-vs-eur-usd
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A softer US inflation reading that weakens the dollar tends to support dollar-priced commodities and lowers the cost of holding grain and feed inventories. The effect on UK-specific currency pairs is secondary here.

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/39510/2023-11-15-pound-sterling-today-uk-inflation-falls-us-retail-sales-to-drive-gbp-vs-eur-usd.html

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