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The Bank of England kept its benchmark rate at 0.75% in a unanimous 9-0 vote, in line with expectations. The bank said greater uncertainty about the EU withdrawal process had emerged, mainly in financial markets, and sterling rose to about $1.3060.
A hold with heightened Brexit uncertainty mainly affects sterling and UK financing costs. The direct link to feed commodity prices is minimal.
londonlovesbusiness.comPurvai DuaSep 13, 2018Not 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.
