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Sterling fell 0.4% to a four-day low of $1.3166 as the dollar strengthened, after a new BoE policymaker, John Haskel, signalled caution on rate hikes. Markets still priced over a 50% chance of a 25bp BoE hike in August.
Carney said UK banks were prepared for a disorderly Brexit.
A weaker pound and firmer dollar make US feed and grain exports relatively more expensive for UK and European buyers, which can weigh on dollar-denominated commodity prices.
babypips.comReutersJun 27, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
