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BoE Chief Economist Huw Pill said that a bank rate cut has come somewhat closer but that the time for cutting remains some way off. GBP/USD edged higher after his remarks and was trading at 1.2387, up 0.3% on the day.
A slower path to BoE cuts supports sterling against the dollar. The effect on feed commodities is small.
octabroker.comApr 23, 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.
