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The Bank of England raised its asset purchase target by £100bn to £745bn, but said the purchases would be spread over a longer period, slowing the weekly pace. Sterling rallied briefly and then turned volatile after the decision, which the BoE said was less damaging than feared.
Slower QE reads as less monetary support, which tends to firm the pound and weigh on sterling-linked commodity and currency flows; for feed buyers the impact is indirect and small.
poundsterlinglive.comJames SkinnerJun 18, 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.
