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GBP/EUR held near 1.20 after the Bank of England raised its policy rate by 25 basis points to 4.00% and signalled that further tightening may be needed. Goldman Sachs sees scope for sterling to rise in the short term, while other banks forecast weaker levels over the coming year.
Higher UK rates may support sterling against the euro, while divergent expectations for future rates could add exchange-rate volatility. The article does not identify a direct feed-commodity supply or demand effect.
currencynews.co.ukFrank DaviesNov 9, 2026Not 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.
