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The pound retreated after UK inflation proved more persistent than expected, with March headline CPI at 10.1% against forecasts of 9.8%. Price pressures were broad-based beyond energy, according to the ONS report.
Persistent UK inflation raises rate expectations and may weaken sterling as purchasing power erodes, with little direct effect on feed markets.
brecorder.comReutersApr 20, 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.
