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Bank of England Monetary Policy Committee member Megan Greene said UK inflation is more persistent than in the US, and she set out how that shapes her policy stance. Market pricing for UK and US policy rates is compared in the speech.
Signals that UK inflation will stay sticky support higher-for-longer rate expectations, which underpin sterling. The direct effect on feed commodities is negligible.
bankofengland.co.ukFeb 15, 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.
