The Bank of England raised Bank Rate by 25 basis points to 4%, while markets continued to price three further increases by the end of next year. Many analysts expect only one more hike, or potentially none if energy prices ease, and identify the Iran war and oil prices as key inflation risks.
If rates rise less than markets currently expect, UK gilt yields could fall and sterling could lose support from rate differentials. Renewed energy-price gains could instead sustain expectations for more BoE tightening.
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.