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Sterling strengthened to near $1.3300 after the Bank of England left rates unchanged at 5%. UK core inflation rose to 3.6% and services inflation to 5.6%, both above expectations.
Markets expected one more BoE cut by the end of the cycle.
Stronger sterling and expectations of gradual BoE easing change the sterling cost of imported feed for UK buyers. The impact on global feed prices is small.
fxstreet.comSep 19, 2024Not 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.
