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Sterling had fallen 3.4% over five days to 1.2100 against the dollar ahead of the Bank of England decision. Investors expected rates to be held, and the pound's direction was seen as dependent on Brexit negotiations and BoE projections.
Government spending of an extra £2.1bn on no-deal preparations was also reported.
A pound sell-off ahead of central bank and Brexit risk affects dollar-based currency pricing, but its link to feed commodity markets is indirect.
ofx.comThursdayJul 31, 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.
