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UK inflation unexpectedly rose to 3.1% in November, the highest since March 2012, above forecasts of 2.9%. Governor Mark Carney must write a letter to the Chancellor explaining why inflation is more than a point above target.
Higher UK inflation pressures the Bank of England toward tighter policy, which can support sterling. The effect on feed commodity prices is indirect.
seattletimes.comPAN PYLASDec 12, 2017Not 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.
