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Sterling tumbled after the Bank of England kept a neutral policy bias in its February Inflation Report, reversing a rally traders had built on expectations of rate hikes. Analysts said the pound had looked overvalued against money-market pricing.
A sharp sterling sell-off after a neutral central bank stance is a currency story with negligible direct effect on feed commodity markets.
poundsterlinglive.comNews, Data, ForecastsFeb 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.
