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Sterling rose above $1.25 after UK GDP grew 0.1% in the fourth quarter, better than the expected contraction. Bank of England official Huw Pill said rate cuts would continue but at a slower pace.
The data led markets to scale back expectations of three rate cuts this year.
Slightly better growth and slower expected easing support sterling against the dollar. The move has little bearing on feed commodity prices.
thisismoney.co.ukJohn-Paul Ford RojasFeb 13, 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.
