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Sterling was down 0.2% against the dollar at $1.4178 on May 28, after hitting $1.4220 the previous day. It remained on track for a fourth straight weekly gain against the dollar.
Analysts said the market had reacted only to the hawkish scenario in Vlieghe's comments.
Sterling's sustained gains reflect expectations of earlier BoE tightening, which shift currency-driven import costs for UK feed buyers. Grain price effects are negligible.
m.economictimes.comReutersJun 1, 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.
