# Goldman Sachs: Weak British Pound Means Weaker Consumer, BoE Looks Through Inflation | Exchange Rates UK

> Goldman Sachs says a weak pound is squeezing UK consumers while the Bank of England looks through inflation. Sterling rallied above 1.25 against the dollar after a 2.3% CPI reading, though traders remain cautious ahead of the Article 50 activation.

- Date: 2017-03-27 · published 2017-03-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/72231-goldman-sachs-weak-british-pound-means-weaker-consumer-boe-looks-through
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sterling's direction relative to the dollar sets the local-currency cost of US dollar-priced feed grains and meals for UK buyers.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-11 | [ECB concerned about U.S. political influence on exchange rates: Nowotny](https://feedsoft.ai/events/66703-ecb-concerned-about-u-s-political-influence-on-exchange-rates-nowotny.md) | -1.1% | -0.5% |
| DXY | 2019-01-28 | [Brexit Pound Analysis: British Pound Has Rallied 5% Vs Euro, Dollar But How Much Has GBP Discounted A No Deal Brexit? \| Exchange Rates UK](https://feedsoft.ai/events/61332-brexit-pound-analysis-british-pound-has-rallied-5-vs-euro-dollar-but-how-much.md) | -0.2% | +0.0% |
| DXY | 2020-06-18 | [BoE Exchange Rates: Pound Sterling And FTSE 100 Plunge As BoE Expands QE But "Implies Big Slowdown In Growth Rate" \| Exchange Rates UK](https://feedsoft.ai/events/52867-boe-exchange-rates-pound-sterling-and-ftse-100-plunge-as-boe-expands-qe-but-and.md) | +0.1% | -0.8% |
| DXY | 2018-01-26 | [Has The ECB Lost Control Of The Euro Exchange Rate Complex? \| Exchange Rates UK](https://feedsoft.ai/events/67194-has-the-ecb-lost-control-of-the-euro-exchange-rate-complex-exchange-rates-uk.md) | -0.0% | +1.1% |
| DXY | 2026-10-01 | [British Pound edges higher to near 1.3250, renewed UK fiscal concerns in focus](https://feedsoft.ai/events/17743-british-pound-edges-higher-to-near-1-3250-renewed-uk-fiscal-concerns-in-focus.md) | +0.2% | +0.6% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17708/gbp-usd-weaker-british-pound-to-dollar-rate.html

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