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Sterling rose on November 16 after UK payrolls rose by 160,000 in October, reviving expectations of a Bank of England rate hike. The pound was up only 0.1% against the dollar at $1.3426 as US retail sales beat expectations.
Stronger UK employment supports sterling and the case for tighter UK policy. The effect on dollar-priced feed commodities is limited.
brecorder.comReutersNov 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.
