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BoE policymaker Swati Dhingra said rising US tariffs may lower UK inflation as global sellers cut prices to find buyers elsewhere. She said downward pressure would grow if sterling weakened against the dollar.
Expectations of lower UK prices and weaker global activity support a dovish BoE path, which pressures sterling and reflects tariff-driven trade diversion.
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.