Loading…
Sterling fell about 1.4% to $1.35 on November 4 after the Bank of England held rates instead of raising them as traders had expected. Commentators criticised Governor Andrew Bailey's signalling ahead of the decision.
The pound's drop reflected the surprise hold.
Sterling weakness against the dollar makes dollar-priced feed ingredients slightly dearer for UK buyers. The commodity price impact is small.
thisismoney.co.ukLucy WhiteNov 4, 2021Not 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.
