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Sterling's rally extended as traders judged a Bank of England rate cut in June unlikely after Prime Minister Rishi Sunak called a July 4 general election. Analysts at Citigroup and Jefferies said the election reduces the chance of a near-term cut.
Higher-for-longer UK rates support sterling and widen its yield advantage over the euro. The effect on feed commodity prices is minimal.
businesstimes.com.sgMay 26, 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.
