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Sterling rose to a five-month high of $1.3184 against the dollar after the Bank of England struck a less pessimistic tone on the economy and did not signal negative rates. The pound had gained about 8% against the dollar since July.
The BoE's reduced dovishness and the weaker dollar are currency-only drivers with no direct feed price transmission.
brecorder.comReutersAug 6, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
