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Bank of England Governor Andrew Bailey said at the ECB Forum in Sintra on June 28 that the 50 basis point hike was the right response to persistent inflation signals. He also said further increases were far from assured and that policy would be evidence-driven.
His remarks suggested markets were mistaken to price in more tightening.
If the BoE signals fewer hikes, sterling and UK bond yields could ease, reducing the pressure that has been pulling the dollar higher. The impact on grain and feed prices is marginal.
poundsterlinglive.comJames SkinnerJun 28, 2023Not 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.
