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Sterling slid on soft UK economic data that backed the view that the Bank of England would hold rates high for longer. The article notes GBP/USD may find support near 1.20.
The move reflects UK rate expectations rather than any change in feed supply or demand. It has little direct price impact on feed commodities.
markets.comGeorgy IstigechevOct 25, 2023Not 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.
