
Sterling was hit hard by dollar strength last week but found support above 1.32 against the dollar. Swaps priced almost an 80% chance of a November BoE hike after hawkish comments from MPC member Lombardelli.
The writer expects higher energy prices and rising rates to weigh on UK consumer spending.
The pound's move was mainly dollar-driven, which points to broad USD strength rather than sterling-specific weakness. A firmer dollar raises the local-currency cost of dollar-priced feed ingredients for UK and European buyers.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.