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The Bank of England kept its benchmark rate steady at 5.25%, a 16-year high, at its June 20 meeting ahead of the July 4 UK election. Some policymakers said the decision not to cut was now finely balanced.
A hold keeps sterling supported by higher yields, which can firm GBP against the dollar and affect the cost of UK-bound dollar-priced feed imports. The impact on feed grain prices is limited.
reuters.comJun 20, 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.
