# Sterling rises for third day before price data - EgyptToday

> Sterling rose for a third straight day on hopes that Prime Minister Theresa May can avoid a no-deal Brexit. Gains were limited ahead of UK inflation data, which was expected to show headline CPI easing to 2.3% in November. Markets were pricing about an 80% chance of one Bank of England rate hike next year.

- Date: 2018-12-19 · published 2018-12-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/61815-sterling-rises-for-third-day-before-price-data-egypttoday
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Brexit-driven swings in sterling move the dollar cost of UK-linked feed purchases and alter the outlook for dollar strength, which matters for dollar-priced feed ingredients.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- egypttoday.com: https://www.egypttoday.com/Article/3/62184/Sterling-rises-for-third-day-before-price-data

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