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Pantheon Macroeconomics expects the Bank of England to hold Bank Rate until end-2027, though stronger UK growth and an inflation peak near 3.7% keep a November hike possible. Sterling ended August up 0.32% against the dollar at 1.3534, below its 1.3675 monthly high.
GDP grew 0.4% in Q2, above the BoE's forecast.
Rate-hike risk supports sterling, but the mainly on-hold outlook limits the currency's impact on dollar-priced feed imports. The effect on commodity prices is minor.
exchangerates.org.ukDave TaylorSep 1, 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.
