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Sterling had its best week among G7 currencies after the Bank of England held rates at 0.75% and the UK left the EU. Boris Johnson was then expected to reject high regulatory alignment with the EU, raising fears of no trade deal by year-end.
Increased no-deal risk pressures sterling and the euro against the dollar, a macro channel that can influence dollar-denominated commodity pricing at the margin.
currencylive.comFiona CincottaFeb 3, 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.
