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The Bank of England kept its main rate at 0.1% despite a sharp rise in consumer prices driven by energy costs and labour shortages. Markets had widely expected a hike.
The decision surprised investors and weighed on sterling.
Surprise BoE policy holds weaken sterling and shift rate expectations, which feeds into the broader dollar trade that affects commodity pricing. Direct effects on feed markets are minor.
apnews.comPan PylasNov 4, 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.
