Loading…
Bank of England policy maker Saunders continued to back a prompt and aggressive easing response to downside economic risks, arguing it is safer to ease too much and tighten later. Sterling edged lower but stayed above $1.23 as the dollar retreated, and surveys showed about half of UK workers stopped or reduced work and about 40% of households reported lower income.
Expectations of more BoE easing and a slow UK recovery weigh on sterling, which lowers the cost of UK-origin imports in dollar terms but adds to currency volatility for UK feed buyers.
exchangerates.org.ukTim ClaytonMay 29, 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.
