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The pound fell after the Bank of England held rates at 5.25% on a 7-2 vote, with two members favoring a cut. Money markets raised the chance of an August cut to about 60% from just over 30% before the decision.
Higher odds of an August BoE cut weaken sterling against the dollar. This is a currency move with little direct effect on feed grain or protein prices.
exchangerates.org.ukTim ClaytonJun 21, 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.
