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Sterling was steady ahead of the Bank of England policy meeting, down 0.1% against the dollar at $1.3958. Investors were watching for any concern about UK inflation, which had broken above the 2% target.
Pre-meeting currency positioning reflects expectations for central bank tightening, which mainly affects dollar strength and import costs for UK buyers rather than grain prices directly.
brecorder.comReutersJun 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.
