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Sterling rallied to a nine-week high against the dollar on optimism that the UK and EU were close to agreeing the cost of Brexit. US jobless claims fell to 238,000, and eurozone unemployment hit a nine-year low.
A firmer sterling and stronger macro data reflect broad currency moves with no direct effect on feed commodity supply or demand.
smartcurrencybusiness.comChristopher NyeDec 1, 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.
