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Rabobank says the pound's recent strength reflects a sharp repricing of Bank of England policy toward possible rate hikes on energy-driven inflation. It argues that markets pricing two to three hikes has gone too far and expects the rally to fade.
Expectations of tighter UK policy support sterling, but a fading rally would leave the dollar relatively firmer. The impact on feed commodity prices is minimal.
exchangerates.org.ukDave TaylorMar 31, 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.
