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Bank of England policymaker Michael Saunders said the next move in Bank Rate could be a cut if Brexit uncertainty persists and the UK avoids a no-deal exit. Sterling slipped more than 0.4% against the dollar to around $1.228 on the comments.
Expectations of BoE easing weaken the pound, which matters for feed buyers via dollar-based import costs and UK-linked demand. Currency moves feed into the dollar index and can shift relative export competitiveness.
cnbc.comSpriha SrivastavaSep 27, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
