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The pound fell to a two-month low as bets on US rate hikes lifted the dollar and the Bank of England held rates at 3.75%. Sterling dipped as much as 0.6% to $1.321.
A firmer dollar on Fed hike expectations lowers the local-currency cost of dollar-priced commodities for UK buyers and raises the cost for US-dollar importers abroad. The move is a currency-driven factor, not a direct supply change.
marketscreener.comReutersJun 18, 2026Not enough comparable past events yet for a historical read.
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.
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.
