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Sterling failed to rally after the March Bank of England meeting, which stressed that rate hikes remain a long way off. Analysts expect the central bank's narrative to remain supportive of the currency over coming months.
Capital Economics argues that rates could stay at +0.10% until 2026.
Expectations of prolonged low UK rates weigh on sterling, which can marginally change the cost of dollar-denominated feed for UK buyers. The effect on feed markets is small.
poundsterlinglive.comNews, Data, ForecastsMar 19, 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.
