Loading…
Sterling rose to a near 16-week high against a softer dollar, trading up 0.8% at $1.2157. The move came despite weak UK manufacturing data showing a fourth monthly contraction.
The pound's move reflects broad dollar softness rather than a new UK-specific driver. Currency shifts of this size have little direct effect on feed commodity prices.
reuters.comDec 1, 2022Not 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.
