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The Bank of England kept its rate at 4.75% in a 6-3 vote, with three members favoring a cut to 4.5%. CPI rose to 2.6% in November while fourth-quarter growth was forecast at 0%, and markets read the decision as dovish.
A dovish tilt from the BoE supports expectations of 2025 easing, which can weaken sterling and firm the broader dollar cross-rates that influence feed commodity pricing.
euronews.comDec 19, 2024After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
