Loading…
UK inflation fell to 3.4% in February from 4.0%, raising hopes for a Bank of England rate cut as early as August. The article notes that oil and imported food costs could keep inflation elevated and that a cut is not guaranteed.
Expectations for BoE easing shape sterling and broader currency flows, which indirectly influence the cost of imported feed inputs priced in dollars for UK buyers.
ig.comAngeline Ong MSTAMar 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.
