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ABN Amro expects sterling to fall further over coming days or weeks after the Bank of England's rate hike triggered a sell-the-fact reaction. Pound-to-dollar traded at 1.3066 after reaching 1.3298 earlier, and pound-to-euro fell to 1.1204.
A forecast of continued sterling weakness supports a firmer dollar, which can weigh on dollar-priced feed commodities.
poundsterlinglive.comGary HowesNov 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.
Not 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.
