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Sterling held ground against the dollar and euro as traders awaited the Bank of England's February 4 rate decision. Analysts said a dovish hold was the consensus, and that even a hint of further easing could push the pound lower.
The central bank was also set to publish findings on banks' readiness for negative rates.
A dovish BoE stance would weaken sterling against the dollar, which has little direct bearing on feed grain or meal prices. The impact on animal feed markets is negligible.
globalbankingandfinance.comlinker 5Jan 30, 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.
