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Sterling held near multi-year highs against the dollar and euro at the start of the week. Traders expect the Bank of England to cut rates more cautiously than the Fed and ECB.
The pound was up 0.16% at $1.3394 and the euro was at 83.54 pence.
Expectations of slower BoE easing than the Fed and ECB support sterling against the dollar and euro, which changes the cost of imported feed for UK buyers. The effect on global commodity prices is limited.
zawya.comSep 30, 2024Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
