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European stocks closed at a record high on March 21 after the Bank of England held rates at 5.25% with a dovish tilt and the Swiss National Bank unexpectedly cut its policy rate to 1.5%. The pound fell against the dollar while UK gilt yields dropped.
Central bank easing expectations weaken the pound and can support dollar-priced commodities; the effect on feed markets is modest and mostly through currency moves.
cnbc.comJenni Reid, Holly EllyattMar 21, 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.
