# Business Live: Pound falls to $1.30

> Sterling fell to $1.30 after UK inflation slowed to 2.6% in June, and the euro rose to a 10-week high against the dollar. European stock indices fell and US stocks opened lower as the dollar weakened.

- Date: 2017-07-18 · published 2017-07-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/70208-business-live-pound-falls-to-1-30
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Currency swings of this kind change the sterling and euro cost of dollar-priced feed and grain imports, with only a modest direct effect on commodity prices.

## Read by commodity

- EURUSD: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | +2.0% | +2.9% |
| EURUSD | 2017-12-29 | [Dollar falls to end worst year since 2003, bitcoin soars](https://feedsoft.ai/events/67391-dollar-falls-to-end-worst-year-since-2003-bitcoin-soars.md) | +0.7% | +3.3% |
| EURUSD | 2019-04-01 | [Forex market: Sterling falls as British lawmakers fail to find an alternative to Brexit](https://feedsoft.ai/events/59847-forex-market-sterling-falls-as-british-lawmakers-fail-to-find-an-alternative-to.md) | -0.1% | -0.7% |
| EURUSD | 2024-11-26 | [Paris wheat drops - Markets - Business Recorder](https://feedsoft.ai/events/11781-paris-wheat-drops-markets-business-recorder.md) | +0.4% | -0.9% |
| EURUSD | 2021-01-04 | [Dollar slips in to 2021 as investors ride downtrend \| The Business Standard](https://feedsoft.ai/events/12073-dollar-slips-in-to-2021-as-investors-ride-downtrend-the-business-standard.md) | +0.2% | -1.7% |

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/live/business-40606407?page=2

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