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Bloomberg reported that UK pound trading turnover hit a record and US FX turnover jumped, driven by Brexit-related volatility in sterling. Renminbi trading volumes came in weaker after recent highs.
Higher FX activity reflects currency volatility rather than a change in commodity supply or demand, so the feed price impact is negligible.
bloomberg.comGreg RitchieFeb 4, 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.
