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Bank of England policymaker Catherine Mann said markets are pricing in too many rate cuts and that wage dynamics in the UK are stronger than in the US or euro area. GBPUSD dipped toward 1.2641 after the remarks but recovered to above 1.2658.
Fewer expected BoE cuts support the pound and lift sterling-linked cost pressures less; for feed buyers the impact on grain and meal prices is indirect, mainly via dollar strength.
xtb.comMar 26, 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.
