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BoE MPC member Swati Dhingra said UK inflation could face pressure from US tariffs, though she sees the pass-through as small. She said dollar depreciation is unlikely to pressure UK import prices significantly, and that a sharp dollar rise would be a concern.
Her vote for a 50bp cut was partly a signal on the economy.
Comments on currency pass-through and rate direction bear on sterling-dollar exchange rates, which set the sterling cost of dollar-priced feed ingredients.
fxstreet.comJoshua GibsonMay 19, 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.
