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The Bank of England held policy steady in March and signalled it would not tighten until inflation rose significantly and spare capacity was eliminated. The dovish tone on the labour market weighed on sterling.
Analysts said the decision did not undermine the pound's broader upward trend.
Lower UK rate expectations weaken the pound against the dollar, which slightly raises the sterling cost of dollar-priced feed imports. The effect on global feed prices is minimal.
poundsterlinglive.comNews, Data, ForecastsMar 18, 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.
