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Sterling fell for a third day to a 27-month low against the dollar after Boris Johnson won the Conservative leadership contest. Analysts said the pound's rise to power was largely priced in, and the pound pared its losses to around $1.2474.
Analysts expected further pound weakness on concerns about a no-deal Brexit.
Expectations of continued pound weakness mean dollar-based pricing for UK buyers may rise, but the link to feed commodity prices is weak.
cnbc.comElliot SmithJul 23, 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.
