# Sterling retreats in the face of red-hot inflation - Markets - Business Recorder

> The pound retreated after UK inflation proved more persistent than expected, with March headline CPI at 10.1% against forecasts of 9.8%. Price pressures were broad-based beyond energy, according to the ONS report.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/36669-sterling-retreats-in-the-face-of-red-hot-inflation-markets-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Persistent UK inflation raises rate expectations and may weaken sterling as purchasing power erodes, with little direct effect on feed markets.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40238262

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