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CIBC Capital Markets forecasts a 25 basis point Bank of England hike this week, smaller than the 50 basis points the market expects. It expects sterling to weaken against the euro and dollar if it is right.
This is a currency forecast with no direct supply or demand change for feed commodities, so its effect on grain and meal prices is minimal.
poundsterlinglive.comGary HowesJan 31, 2023Not enough comparable past events yet for a historical read.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
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.
