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Sterling was little changed on the last trading day of 2024 at $1.2554, on track to be the best major currency against the dollar for the year. The pound fell more than 6% in the fourth quarter as the Fed took a tougher stance and UK growth weakened.
Expectations of roughly two BoE cuts and a firmer dollar keep currency-driven pressure on dollar-priced commodity import costs, but no single shock is evident.
economystandard.comPal Sinha,BarnaliDec 31, 2024Not 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.
