# Sterling edges up after UK inflation jump

> Sterling edged up on 15 September after UK consumer price inflation hit 3.2% in August, the largest monthly jump in the annual rate in at least 24 years. The Bank of England expects inflation to peak at 4% and may tighten faster than peers.

- Date: 2021-09-15 · published 2021-09-15T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/45313-sterling-edges-up-after-uk-inflation-jump
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK inflation and expected tightening support sterling, a currency effect rather than a feed supply factor. Impact on feed commodity prices is minimal.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/britain-sterling/sterling-edges-up-after-uk-inflation-jump-idUSL1N2QH0K1/

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