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The pound advanced against the dollar to about $1.3124 ahead of a Bank of England decision on Thursday, with economists putting the odds of a hike between 50% and 90%. Friday's UK services PMI is forecast to slow slightly from 55.1 to 54.7.
A BoE hike could lift sterling, while a weak PMI could reverse gains; both shift dollar-based import costs only marginally for feed buyers.
futurecurrencyforecast.comOliver MeredewJul 30, 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.
