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HSBC economists said sterling appears overstretched against the dollar, as recent gains were driven by momentum rather than fundamentals. They noted the UK recovery lags the US and Eurozone.
This is an FX valuation view with no direct supply or demand effect on feed commodities.
forexcrunch.comFX StreetFeb 26, 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.
