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The House of Commons Library reviewed December economic data, noting November inflation of 5.1%, the highest in a decade. The Bank of England raised its rate from 0.1% to 0.25%, the first rise in over three years.
Faster UK inflation and tighter policy raise borrowing costs and can strengthen sterling. Feed buyers in the UK may see higher financing costs and import pricing pressure.
commonslibrary.parliament.ukPhilip BrienDec 20, 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.
