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Sterling slipped against the dollar on March 7 after BoE rate-setter Catherine Mann warned the pound could be vulnerable if hawkish messages from the Fed and ECB were not yet priced in. Money markets expected the BoE rate to peak at 4.75% in September.
Expectations of further tightening in the US and Europe support the dollar against sterling. This is a currency-driven move with only indirect effects on feed commodity prices.
financialpost.comReutersMar 7, 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.
