# Pound held back by scepticism May can sell Brexit deal as inflation sticks at 2.4% | This is Money

> Sterling gave back early gains after reports that Theresa May had secured a draft Brexit deal with Brussels, as doubts grew over whether she could win cabinet and parliamentary support. UK CPI inflation held at 2.4% in October, and the pound traded at about $1.294.

- Date: 2018-11-14 · published 2018-11-14T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/62306-pound-held-back-by-scepticism-may-can-sell-brexit-deal-as-inflation-sticks-at-2
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Uncertainty over the Brexit deal keeps sterling volatile against the dollar, which can shift dollar-denominated commodity prices and the cost of UK feed imports, though the direct link to feed markets is weak.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- thisismoney.co.uk: https://www.thisismoney.co.uk/money/news/article-6388227/Pound-held-scepticism-sell-Brexit-deal-cabinet-Parliament.html

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