# Stronger pound could save Britain from cost of living squeeze

> Economists expect a bigger Conservative majority to strengthen or stabilize sterling after the snap election was called. The pound rose about 1% on the announcement day, reaching almost 1.20 per euro and $1.28.

- Date: 2017-04-22 · published 2017-04-22T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/71729-stronger-pound-could-save-britain-from-cost-of-living-squeeze
- 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

A firmer pound would limit import cost increases for UK households and feed buyers, and it would hold back inflation in imported goods.

## Read by commodity

- EURUSD: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-04-07 | [British pound soars as BOE rules out printing of money](https://feedsoft.ai/events/53876-british-pound-soars-as-boe-rules-out-printing-of-money.md) | +0.9% | +1.0% |
| EURUSD | 2017-08-31 | [Dollar Gains On Bets ECB Could Weaken Euro, Strong U.S. Data - Babypips.com](https://feedsoft.ai/events/69665-dollar-gains-on-bets-ecb-could-weaken-euro-strong-u-s-data-babypips-com.md) | +0.8% | -1.3% |
| EURUSD | 2026-06-25 | [BofA cuts euro forecasts, sees stronger dollar in second half on hawkish Fed By Investing.com](https://feedsoft.ai/events/19032-bofa-cuts-euro-forecasts-sees-stronger-dollar-in-second-half-on-hawkish-fed-by.md) | +0.3% | +0.2% |
| EURUSD | 2022-07-12 | [Euro bounces from brink of parity with US dollar](https://feedsoft.ai/events/40714-euro-bounces-from-brink-of-parity-with-us-dollar.md) | +0.7% | +1.2% |
| EURUSD | 2019-07-25 | [Euro Choppy against Dollar and Pound after ECB Sets Stage for Rate Cuts and QE from September](https://feedsoft.ai/events/58312-euro-choppy-against-dollar-and-pound-after-ecb-sets-stage-for-rate-cuts-and-qe.md) | -0.1% | -0.4% |

## Sources

- telegraph.co.uk: https://www.telegraph.co.uk/business/2017/04/22/stronger-pound-could-save-britain-cost-living-squeeze/

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