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GBPUSD traded lower on August 31, 2023, as the dollar rallied after hawkish remarks from BoE Chief Economist Huw Pill. Upbeat US jobless claims and in-line core PCE data also supported the dollar ahead of the non-farm payrolls report.
This is routine currency commentary driven by rate expectations and US data, with no direct impact on feed commodity supply or demand.
asktraders.comSimon MugoAug 31, 2023Not enough comparable past events yet for a historical read.
Not 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.
