# Pound Jumps After U.K. Inflation Data Tests BOE’s Patience

> Sterling reached a one-year high against the dollar after UK official figures showed inflation accelerated sharply in August. The data reinforced expectations that the Bank of England may soon have to raise interest rates despite weak growth.

- Date: 2017-09-12 · published 2017-09-12T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/69210-pound-jumps-after-u-k-inflation-data-tests-boe-s-patience
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Stronger-than-expected UK inflation raises the chance of BoE tightening, which supports sterling and lowers the pound cost of dollar-priced feed ingredients. The effect on feed markets is indirect.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- wsj.com: https://www.wsj.com/articles/u-k-inflation-accelerates-testing-bank-of-englands-patience-1505207709?mod=e2tweu

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