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The Bank of England held its rate at 4.25% as expected. Minutes showed growing support among policymakers for a cut as soon as August, and the 6-3 vote split was seen as dovish.
The pound rose slightly against the dollar and euro.
Expectations of BoE rate cuts weigh on sterling and affect the relative cost of dollar-priced imports for UK buyers. The impact on feed markets is indirect.
Not 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.