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UK CPI rose to 10.4% in February from 10.1% in January, above Reuters poll forecasts. Markets priced a near-certain Bank of England rate rise to 4.25%, and sterling traded near $1.227 with two-year gilt yields up 25 basis points.
Higher UK rates support the pound and can weigh on UK import costs and food-price pressure. For feed buyers the link to grain and feed prices is indirect.
reuters.comAmanda CooperMar 22, 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.
