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Sterling rose 0.4% against the dollar to $1.4184 on May 27 after BoE policymaker Gertjan Vlieghe said the first rate rise was likely well into 2022. He added that an earlier rise was possible if the economy rebounded faster.
Analysts noted his comments were conditional on a smooth end to the furlough scheme.
Rate-hike expectations that support sterling shift currency flows and import costs for UK buyers of dollar-priced feed ingredients. The direct impact on grain prices is minor.
financialpost.comReutersMay 27, 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.
