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GBP/USD was trading near $1.18744 on November 23, 2022, with traders focused on UK private sector PMI data and Bank of England commentary. Economists expected services and manufacturing PMIs to weaken further.
Weak UK PMI readings would reinforce expectations of a UK slowdown and support a softer pound, which slightly raises the sterling cost of dollar-denominated feed imports. This is routine market commentary with no major new driver.
fxempire.comBob MasonNov 23, 2022Not 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.
