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The Bank of England's November 2019 Monetary Policy Report held rates unchanged and cut its UK growth forecasts, citing Brexit uncertainty and a slowing global economy. It said a Johnson Brexit deal would leave the UK worse off than previous assumptions.
Weaker UK growth and possible future rate cuts point to softer sterling and modest demand weakness, with limited direct effect on feed commodity prices.
bankofengland.co.ukNov 7, 2019Not 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.
