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Sterling rallied against the euro and dollar over the week despite falling stock markets and little Brexit news. The pound reached about 1.3141 against the dollar and rose to near five-month highs.
Analysts said the move was puzzling and attributed part of it to broad dollar weakness.
The move is mostly a currency story driven by dollar weakness, with limited direct effect on feed commodity prices beyond shifting import costs for UK buyers.
poundsterlinglive.comNews, Data, ForecastsJul 31, 2020Not enough comparable past events yet for a historical read.
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.
