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Sterling whipsawed between about $1.09 and $1.106 after Bank of England Governor Andrew Bailey said the bond-buying programme would end on Friday. A Financial Times report then said the bank was privately open to extending it.
Uncertainty about UK bond market support affects sterling and global risk sentiment, with only an indirect effect on dollar-priced feed commodities.
cnbc.comElliot Smith, Abigail NgOct 12, 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.
