# UK pound falls on unexpectedly slowing inflation | The National

> UK consumer price inflation slowed to 2.6% in June, below the 2.9% forecast, and sterling fell to about $1.30 after climbing earlier to its highest level against the dollar since September. Markets reduced expectations for an early Bank of England rate hike.

- Date: 2017-07-18 · published 2017-07-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/70204-uk-pound-falls-on-unexpectedly-slowing-inflation-the-national
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Lower UK rate expectations weaken the pound, which affects the dollar value of UK feed and grain imports and export competitiveness.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/economy/uk-pound-falls-on-unexpectedly-slowing-inflation-1.609978

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