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The pound reached a three-year high near 1.3600 against the dollar on May 26 as traders pared bets on Bank of England cuts after hotter UK inflation and strong April retail sales. Markets now price roughly one 25bp cut by year-end.
Trump also threatened 25% duties on Apple.
Fewer expected BoE cuts strengthen sterling against the dollar, which lowers the sterling cost of dollar-priced feed inputs for UK buyers.
thepoundhub.comAlanMay 26, 2025Not 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.
