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The pound rose against the euro, dollar and other major currencies after the Bank of England expanded quantitative easing by £150 billion, more than the £100 billion markets had expected. Rates were left at 0.10% on a unanimous 9-0 vote, and the bank did not mention negative rates.
Sterling strength after the decision is a currency effect that can shift dollar-based comparisons for UK-linked buyers. The move is not a direct driver of feed commodity supply or demand.
poundsterlinglive.comNews, Data, ForecastsNov 5, 2020Not 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.
