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The Bank of England held its Bank Rate at 3.75% on April 30, 2026, voting 8-1 with Chief Economist Huw Pill the lone dissenter in favour of a hike. The BoE said the Iran war would keep energy and fuel costs elevated and that its ability to offset these pressures with monetary policy was limited.
The pound rose 0.4% against the dollar after the decision.
A hawkish hold keeps UK and dollar rate expectations volatile, which feeds into currency-driven import costs for UK feed buyers. Sterling strength modestly lowers the local cost of dollar-priced feed ingredients.
cnbc.comHolly EllyattApr 30, 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.
