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Sterling rallied after the Bank of England's September policy update was judged more hawkish than expected. Money markets priced an February 2022 rate hike at 87% probability and about 40 basis points of hikes by September 2022.
Analysts forecast further gains.
Hawkish central bank pricing supports sterling against the dollar and euro, influencing import costs for UK feed buyers. The effect on grain and feed prices is indirect.
poundsterlinglive.comGary HowesSep 24, 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.
