# Sterling shrugs at rising inflation, hovers below $1.42 | Financial Post

> Sterling turned slightly lower against a recovering dollar on May 19 and hit a one-week low against the euro. The move followed April UK consumer price data showing inflation rose to 1.5%, above the 1.4% Reuters poll forecast. The BoE expects inflation to reach 2.5% by late 2021.

- Date: 2021-05-19 · published 2021-05-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/47347-sterling-shrugs-at-rising-inflation-hovers-below-1-42-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK inflation and firmer dollar demand weigh on sterling, raising import costs for UK buyers of dollar-priced feed. The effect on grain markets is small.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-shrugs-at-rising-inflation-hovers-below-1-42-2

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