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The pound edged higher after a three-week losing streak against the dollar, supported by hawkish comments from BoE policymakers. Mann had argued for faster rate increases because sterling's weakness was adding to inflation pressures, and the BoE had raised rates by 25 bps to 1.25%.
Hawkish BoE signals support sterling but have little direct bearing on feed grain or protein prices. The main link for buyers is the broader dollar and inflation backdrop.
globalbankingandfinance.comJessica Weisman-PittsJun 20, 2022Not 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.
