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Sterling retreated from early gains after the Bank of England cut UK growth forecasts and warned that household disposable income will fall next year. The Monetary Policy Committee voted to hold rates at 0.25%.
Weaker growth outlooks and a delayed rate path weigh on the pound, a modest factor for dollar-priced commodity purchases by UK buyers.
investmentweek.co.ukLaura Dew, Mike SheenAug 2, 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.
