# British Pound Holds Gains Over Euro after Inflation Tops 3%, Folds to Dollar Advance

> UK consumer price inflation rose to 3.1% in November, above the 3% expected and the highest since 2012. Sterling held gains against the euro but weakened against the dollar as the greenback advanced on strong US producer prices and expectations of a Fed hike.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/67721-british-pound-holds-gains-over-euro-after-inflation-tops-3-folds-to-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer dollar on Fed hike expectations tends to pressure dollar-denominated commodity prices, while UK inflation mainly affects sterling and the Bank of England's policy path.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-31 | [Euro holds modest gains as US Dollar lacks momentum, Eurozone inflation in focus](https://feedsoft.ai/events/18098-euro-holds-modest-gains-as-us-dollar-lacks-momentum-eurozone-inflation-in-focus.md) | -0.6% | +1.6% |
| DXY | 2023-04-19 | [Dollar firms as U.S. yields rise, high British inflation underpins pound \| Financial Post](https://feedsoft.ai/events/36664-dollar-firms-as-u-s-yields-rise-high-british-inflation-underpins-pound.md) | +0.4% | +0.1% |
| DXY | 2024-11-22 | [UBS - British pound faces dollar dominance amid inflation and BoE rate cut](https://feedsoft.ai/events/27648-ubs-british-pound-faces-dollar-dominance-amid-inflation-and-boe-rate-cut.md) | -0.4% | +0.6% |
| DXY | 2017-11-03 | [British Pound Tanks Vs Euro, Dollar Exchange Rates After BoE Hike - ING Exchange Rate Forecast](https://feedsoft.ai/events/68239-british-pound-tanks-vs-euro-dollar-exchange-rates-after-boe-hike-ing-exchange.md) | +0.0% | -1.0% |
| DXY | 2024-12-12 | [Dollar higher on fresh inflation data, euro lower after ECB rate cut](https://feedsoft.ai/events/27173-dollar-higher-on-fresh-inflation-data-euro-lower-after-ecb-rate-cut.md) | +0.6% | +2.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/8167-gbp-to-eur-and-usd-conversion-inflation-data-key

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