# Pound touches 3-week high, focus on UK household support plan - Business & Finance - Business Recorder

> Sterling touched a three-week high on Thursday as the UK government announced a 25% windfall tax on oil and gas profits along with household energy support. The pound was last up 0.12% at $1.2599.

- Date: 2022-05-27 · published 2022-05-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/41644-pound-touches-3-week-high-focus-on-uk-household-support-plan-business-and
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Support measures may ease pressure on the Bank of England and lift sentiment toward the pound, reducing import cost pressure for UK buyers. Grain and feed prices are largely unaffected.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40175887

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