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The Bank of England held its benchmark rate at 3.75%, judging it premature to hike given inflation uncertainty. Sterling fell after the decision as markets weighed the BoE's more cautious stance against hawkish peers.
A BoE hold while the Fed and ECB lean toward hikes widens the rate gap in the dollar's favour, which tends to weaken sterling and firm the dollar. A stronger dollar makes US-priced feed ingredients more expensive for non-dollar buyers.
reuters.comJun 18, 2026Not enough comparable past events yet for a historical read.
After 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.
