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Sterling rose after UK data showed underlying inflation pressures remained strong, with services prices up 5.7%. Markets cut the odds of a Bank of England rate cut by August to about 30%.
Stronger UK inflation delays rate cuts, which supports sterling against the dollar. A firmer pound would modestly raise the dollar cost of UK-bound imports.
kitco.comJun 19, 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.
