# UK GDP & US Inflation To Pull Pound vs. Dollar Lower? - Currency Live

> The pound traded below $1.31 for the first time in seven months on Thursday, the third straight session of losses. Limited Brexit progress, a cautious Bank of England and Irish leader Leo Varadkar's comments on a likely no-deal outcome all weighed on sterling. Weak US data failed to lift the pound.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/64784-uk-gdp-and-us-inflation-to-pull-pound-vs-dollar-lower-currency-live
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling weakness against a firm dollar raises the cost of dollar-priced feed imports for UK buyers and tends to support dollar-based export competitiveness for US commodities.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- currencylive.com: https://currencylive.com/news/100538-gbp-usd-us-uk-gdp/

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