Loading…
Sterling rose 0.1% to $1.34265 on November 15, recovering from an 11-month low hit the previous Friday. Investors focused on Brexit talks over Northern Ireland and on the likelihood of a Bank of England rate rise next month.
A firmer pound against the dollar slightly eases the dollar's pressure on dollar-priced commodities. The move is driven by UK monetary and political factors rather than farm supply or demand.
reuters.comElizabeth HowcroftNov 15, 2021Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
