# Stock Market Wednesday

> Sterling fell against the dollar on December 20 after UK consumer price inflation for November came in at 3.9%, below the 4.4% forecast. Investors raised bets on Bank of England rate cuts in 2024.

- Date: 2023-12-20 · published 2023-12-20T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/32950-stock-market-wednesday
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of lower UK rates weigh on sterling, a macro move with only a marginal, indirect effect on feed commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-26 | [Stock markets roiled by global bond whiplash \| Reuters](https://feedsoft.ai/events/9588-stock-markets-roiled-by-global-bond-whiplash-reuters.md) | +0.7% | +1.9% |
| DXY | 2018-12-22 | [Bangkok Post - BLS: Stock market volatility seen in 2019](https://feedsoft.ai/events/61825-bangkok-post-bls-stock-market-volatility-seen-in-2019.md) | -0.6% | -1.4% |
| DXY | 2019-05-26 | [Marketwatch](https://feedsoft.ai/events/59346-marketwatch.md) | +0.3% | -1.2% |
| DXY | 2018-05-30 | [Worsening Italian crisis batters stock markets and euro](https://feedsoft.ai/events/65216-worsening-italian-crisis-batters-stock-markets-and-euro.md) | +0.0% | +1.0% |
| DXY | 2017-09-20 | [Why the loonie took a sudden dive Wednesday - The Globe and Mail](https://feedsoft.ai/events/69197-why-the-loonie-took-a-sudden-dive-wednesday-the-globe-and-mail.md) | +1.1% | +1.9% |

## Sources

- barrons.com: https://www.barrons.com/livecoverage/stock-market-today-122023/card/sterling-weakens-u-k-inflation-comes-down-more-quickly-than-expected--UL4CJaa0hbmygWekOWjn

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.