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Bank of America raised its near-term sterling forecast and compared the pound to the dollar as Europe's reserve-style currency. Its analysts argue the Bank of England can keep rates at 5.25% longer than other central banks, which gives GBP positive carry.
Expectations of a longer hold at high UK rates support GBP against the euro and other currencies. The read-through to feed commodity prices is small.
fx-list.comFeb 28, 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.
