Loading…
Sterling skidded about 1% after the Bank of England raised rates a quarter point but signalled only gentle future rises. The pound fell back below $1.31 while European and US equities were mixed ahead of Apple results.
The currency move reflects a dovish central bank outlook, which tends to support the dollar and marginally weigh on dollar-priced commodities.
business-standard.comReutersNov 2, 2017After 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.
