# British pound gains boost from BoE, dollar looks to inflation data

> Sterling held near a three-month high against the dollar on May 28 after a 0.58% gain the previous day. The move followed a Bank of England policymaker's comment that the central bank was likely to raise rates well into next year. Traders were also awaiting upcoming U.S. inflation data.

- Date: 2021-05-28 · published 2021-05-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/47343-british-pound-gains-boost-from-boe-dollar-looks-to-inflation-data
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer pound against the dollar tightens the link between BoE policy expectations and currency values, which affects the cost of dollar-priced imports for UK feed buyers. The effect on grain prices is indirect and small.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/china/british-pound-gains-boost-boe-dollar-looks-inflation-data-2021-05-28/

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