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Sterling rose against the dollar and euro after the Bank of England signaled it would avoid negative rates for at least six months. The pound was on track for a fourth weekly gain and hit its highest against the euro since May 2020.
A stronger pound with no negative rates is a currency move with negligible direct effect on feed commodity prices.
globalbankingandfinance.comlinker 5Feb 5, 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.
