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Sterling fell to a three-week low on August 1, 2023, as traders awaited a Bank of England decision. The pound was up about 6% year to date after the BoE's rate hikes against stubborn inflation.
Sterling moves tied to BoE policy expectations have no direct effect on feed commodity markets.
reuters.comHarry RobertsonAug 1, 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.
