# Where now for the pound? | IG Bank Switzerland

> Sterling appeared due a pullback against the dollar after UK CPI came in above expectations but failed to lift the pair toward $1.30. The election outcome is largely priced in after the pound's recovery from the Article 50 announcement and the snap election call.

- Date: 2017-05-16 · published 2017-05-16T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/71249-where-now-for-the-pound-ig-bank-switzerland
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A possible retracement in sterling would make UK-linked dollar costs fall modestly for importers. The effect on feed commodity prices is negligible.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- ig.com: https://www.ig.com/en-ch/market-news-and-analysis/view-ig/where-now-for-the-pound--38253-170516

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