Loading…
The pound hit a high of $1.3121 after weaker US inflation data, following a Bank of England decision to hold rates and Governor Carney's warning on a no-deal Brexit. Analysts said a deal looked slightly more likely than weeks earlier.
Currency moves on US inflation and Brexit risk shift the dollar's broad value, which can affect dollar-denominated commodity prices. The effect on feed markets is indirect.
currencylive.comFiona CincottaSep 14, 2018After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
