# Pound-Dollar Rate Slips and USD Flips On Feddie Krueger’s Return

> Sterling slipped from near multi-year highs against the dollar on May 28, trading at 1.4171 ahead of U.S. PCE inflation data. Markets were also reacting to renewed talk of Federal Reserve bond-buying tapering. The article also noted proposed federal spending increases.

- Date: 2021-05-28 · published 2021-05-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/47350-pound-dollar-rate-slips-and-usd-flips-on-feddie-krueger-s-return
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Ahead-of-data caution and Fed taper talk can strengthen the dollar and weigh on sterling, which raises UK dollar-priced import costs. The effect on grain prices is small.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/15490-pound-dollar-rate-slips-and-usd-flips-on-feddie-krueger-s-return

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