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A preview of the Bank of England's rate decision due Thursday notes the bank kept its rate at a record low of 0.1% last month and expanded its bond purchases. It also cut its Q4 UK GDP forecast, and the analyst says a dovish tone would weaken the pound.
A dovish Bank of England would weaken sterling, which raises UK import costs for dollar-priced feed. The effect on grain prices is indirect.
fbs.euKseniya MedikDec 11, 2020Not 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.
