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Sterling rose to a two-year high against the euro after the Bank of England raised its benchmark rate to 0.5%, with four MPC members voting for a larger hike. British gilt yields jumped and euro zone bond yields followed.
The move reflects monetary tightening rather than a commodity shock, so its impact on feed prices is minimal beyond a modest effect on import costs for UK buyers.
financialpost.comReutersFeb 3, 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.
