# UK's high inflation cools, offering some relief to Bank of England

> UK headline consumer price inflation fell to 7.9% in June, its slowest pace in over a year and below forecasts of 8.2%. Sterling weakened and investors scaled back bets on future Bank of England rate increases.

- Date: 2023-07-19 · published 2023-07-19T12:00:00.000Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/35292-uk-s-high-inflation-cools-offering-some-relief-to-bank-of-england
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Lower UK inflation reduces pressure for further rate hikes, which can weaken sterling and modestly change the cost of imported feed for UK buyers, with no direct effect on global feed prices.

## Sources

- reuters.com: https://www.reuters.com/world/uk/uk-june-inflation-rate-lower-than-expected-79-2023-07-19/

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