# Pound falls against dollar as inflation comes in lower than expected | Inflation | The Guardian

> UK CPI inflation held at 2.6% in July, below the 2.7% economists had expected. Sterling fell more than a cent to $1.2855 on the news.

- Date: 2017-08-15 · published 2017-08-15T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/69718-pound-falls-against-dollar-as-inflation-comes-in-lower-than-expected-inflation
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Softer inflation reduces pressure on the Bank of England to raise rates, which keeps sterling weak against the dollar.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- theguardian.com: https://www.theguardian.com/business/2017/aug/15/pound-falls-dollar-inflation-bank-of-england-interest-rates

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