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Economists said the Bank of England could signal a possible rate hike around mid-summer, despite markets pricing only about a 25% chance of a hike this year. The MPC was expected to hold Bank Rate at 0.75% but might recalibrate its guidance.
A hawkish surprise would lift sterling against the dollar, which matters for UK-linked import costs and dollar-priced commodities.
poundsterlinglive.comJames SkinnerApr 29, 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.
