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ING says the Bank of England is turning dovish because UK disinflation is continuing, and investors now expect two UK rate cuts this year starting in August. The pound has fallen about 2.25% against the dollar in April, and analysts expect more weakness.
Widening rate-cut expectations between the BoE and the Fed weaken sterling against the dollar. The effect on feed prices is limited.
poundsterlinglive.comGary HowesApr 23, 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.
