# Sterling's election-led bounce breaks developing spiral

> Sterling rose after the snap election announcement on April 18, reaching a seven-month high near $1.30 as polls pointed to a larger Conservative majority. The rally has temporarily eased a cycle of rising inflation caused by the currency's earlier fall after the Brexit referendum.

- Date: 2017-05-04 · published 2017-05-04T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/71245-sterling-s-election-led-bounce-breaks-developing-spiral
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer pound lowers UK import costs and inflation pressure, which reduces the need for emergency central bank tightening. For feed buyers the direct price effect is small.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/business/sterling-s-election-led-bounce-breaks-developing-spiral-idUSKBN17Z1UG/

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