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Ahead of the Bank of England meeting, markets priced roughly a one-in-three chance of a 25-basis-point rate cut. Sterling was steady, with scope for a sharp move either way depending on the outcome.
Rate-cut odds shape sterling's direction, which influences the sterling cost of dollar-priced feed imports for UK buyers.
reuters.comNov 5, 2025Not 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.
