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Implied volatility on GBP/USD rose to 15.5 from 10.0 after a large UK inflation beat raised the probability of a December Bank of England hike. Sterling put risk-reversal premiums stayed elevated.
Higher option volatility and hike pricing signal expectations of sharper sterling moves. The effect on feed commodities is limited to currency-driven import costs.
reuters.comDec 15, 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.
