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The Lloyds Bank Business Barometer rose to 50% in May from 42% in April, its strongest reading since November 2015. Business optimism about the economy also improved, and the prices index reached a 6-month high.
Stronger UK business confidence supports sterling and reduces the chance of near-term Bank of England rate cuts. Feed buyers see little direct price effect.
exchangerates.org.ukTim ClaytonJun 1, 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.
