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Sterling recovered against the euro and dollar on 23 September after the Bank of England held rates but warned inflation could stay elevated longer than expected. Money markets priced an 87% chance of a February 2022 rate rise.
A hawkish BoE stance supports sterling, which shifts import cost calculations for UK feed buyers. It has little direct effect on grain or feed supply.
poundsterlinglive.comGary HowesSep 23, 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.
