Sterling slips as oil slides, US rate hike bets grow

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Jan 24, 2022Oil falls 2% as Fed rate hike talk spooks risk markets+2.2%
• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-6.7%
• Aug 16, 2023Oil settles lower as China fears, rate hikes counter tight US supply-1.4%
• Apr 21, 2020Brent oil futures plunge as growing glut feeds market panic-17.3%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates-2.2%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Sep 10, 2026Euro slips as dollar rises after ECB rate hike | MarketScreener+0.9%
• Jun 24, 2026Dollar hits 13-month high as rate-hike bets and stock selloff boost demand | MarketScreener-0.1%
• Jun 18, 2026Pound slides to two-month low as dollar jumps and BoE holds rates | MarketScreener+1.4%
• Jun 22, 2023Sterling declines despite 0.5% UK rate hike+0.5%
• Jan 24, 2022Oil falls 2% as Fed rate hike talk spooks risk markets+1.2%

Not enough comparable past events yet for a historical read.