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Financial markets are pricing in too many UK interest rate cuts, according to Bank of England policymaker Catherine Mann, who also said the UK should not be expected to cut ahead of the US and eurozone. Markets price a cut to about 4.5% by year-end, while Governor Andrew Bailey said the economy is not yet ready for lower rates.
Rate expectations drive sterling and dollar moves, which affect the relative cost of imported feed ingredients for UK buyers; the direct price effect on feed commodities is limited.
kentonline.co.ukPA NewsMar 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.
