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Money markets priced in a 10 basis point Bank of England rate increase by September 2022 after Chancellor Sunak's budget statement on March 3. Markets had previously expected rates to fall into negative territory in early 2022.
GBP/USD held modest gains near 1.3970 despite broad dollar strength.
Expectations of higher UK rates support sterling, which slightly lowers the sterling cost of dollar-priced feed imports. The effect on feed prices is limited.
forexcrunch.comFX StreetMar 3, 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.
