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Sterling gained about 1.3% against the dollar in the opening days of May ahead of the Bank of England policy decision. Analysts doubted the BoE would hike soon because of Brexit uncertainty.
Markets had shifted toward other central banks dropping rate hike plans.
Currency moves tied to central bank policy shift relative values of UK-linked trade flows. The link to feed commodity prices is weak.
poundsterlinglive.comJames SkinnerMay 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.
