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Sterling rose against the euro and dollar on May 27 after BoE MPC member Gertjan Vlieghe said a rate rise could come in early 2022 if the recovery is stronger than expected. The pound/dollar rate moved from 1.4120 to 1.4170.
Vlieghe said his central case was a later rate rise.
Expectations of earlier BoE tightening support sterling, which changes the relative cost of UK imports priced in dollars. The effect on feed commodity prices is limited.
exchangerates.org.ukTim ClaytonMay 27, 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.
