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MoneyWeek says sterling has fallen about 3% against the dollar since Boris Johnson became prime minister and pledged to leave the EU with or without a deal. The commentary attributes part of the weakness to the Bank of England's reluctance to raise interest rates.
Persistent sterling weakness driven by policy uncertainty keeps UK dollar-priced imports expensive, but this is analysis rather than a new shock.
moneyweek.comMerryn Somerset WebbAug 1, 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.
