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Sterling rose in early May ahead of the Bank of England's policy decision, which kept rates on hold with a stated plan for gradual rate rises. Analysts said markets doubted the BoE would hike again soon, and forecasts for subdued inflation limited gains.
The pound was up about 1.3% against the dollar that week.
Central bank rate expectations drive currency flows, which affect the value of UK-linked trade and dollar-denominated commodity purchasing power. The effect on feed prices is indirect.
poundsterlinglive.comNews, Data, ForecastsMay 2, 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.
