# Pound US Dollar Exchange Rate Struggles To Gain Ground Ahead Of UK Inflation Data

> The pound gained sharply on Tuesday after a Bank of England policymaker suggested rates could rise several times over three years, then gave back part of the gain after Governor Carney's more cautious remarks. Trade-tension easing between the US and China also reduced demand for the dollar.

- Date: 2018-05-22 · published 2018-05-22T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/65252-pound-us-dollar-exchange-rate-struggles-to-gain-ground-ahead-of-uk-inflation
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Mixed BoE signals and easing US-China tensions drove currency moves, which affect dollar-priced feed import costs for UK buyers. The effect on grain prices is indirect.

## Read by commodity

- GBPUSD: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/21717/gbp-usd-pound-sterling-to-us-dollar-exchange-rate-news-and-forecast.html

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