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UK consumer price inflation rose to 5.1% in November, its highest in more than a decade, lifting sterling to one-week highs. Markets priced a more than 60% chance of a rate rise, though the Omicron variant could delay tightening.
Higher UK inflation and rate-hike expectations support the pound against the dollar. The move is a currency driver rather than a direct feed supply or demand change.
globalbankingandfinance.commaria gbafDec 16, 2021Not 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.
