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The pound rose 0.2% against the dollar on Monday to a high of $1.3151 as confidence grew the Bank of England would raise rates on Thursday. UK consumer credit, mortgage approvals and consumer confidence data were also firm.
Expectations of a BoE hike strengthen sterling and weigh on the dollar, a modest macro shift for feed buyers pricing dollar-denominated imports.
currencylive.comFiona CincottaJul 31, 2018Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
