Loading…
The pound fell nearly 1% against the dollar after a UK private sector growth index unexpectedly slid in May, reviving recession fears. Traders pared bets on further Bank of England rate hikes and moved into government bonds.
Weaker UK growth data reduces expectations of higher rates and signals softer British demand. Feed price effects are limited.
bloomberg.comAlice GledhillMay 24, 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.
