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Sterling rose against the dollar after UK November CPI came in at 2.6%, in line with forecasts, and core inflation slightly undershot expectations. Traders moved away from bets on Bank of England rate cuts ahead of the final meeting of the year.
Sticky UK inflation reduces the chance of quick BoE easing, supporting sterling; this is routine currency commentary with little bearing on feed commodity prices.
tradingview.comDec 18, 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.
