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Sterling gained modestly as global risk appetite improved and the UK signaled lockdown-easing guidelines for the following week. The ECB held rates and lowered bank lending rates but did not extend its bond purchases, and UK manufacturing PMI and mortgage approvals missed forecasts.
The ECB's failure to expand asset purchases supports the euro relative to sterling, but the effect on feed commodity prices is minimal.
ofx.comFridayApr 30, 2020After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
