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London stocks fell and gilt yields rose after reports that the UK government had dropped plans for income tax rises in the upcoming budget. Sterling was little changed ahead of UK inflation data.
Fiscal uncertainty and higher gilt yields pressure sterling and UK financial conditions, with limited direct effect on feed commodity prices.
Not 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.