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Sterling was headed for its first weekly drop against the dollar in over a month as expectations for a Bank of England hike receded. The pound was at $1.3582, and traders priced about 25 basis points of hikes by December.
Markets awaited fiscal plans from Britain's new government ahead of the October budget.
Weaker sterling on lower BoE hike bets is an FX move with little direct impact on feed commodity prices. Ongoing energy strength keeps UK inflation risk in view.
devdiscourse.comReutersAug 28, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
