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The Bank of England held its policy rate at 0.1% and raised its bond-purchase target by £150 billion to £895 billion to support the economy through a second lockdown. It also forecast a 2% contraction in the fourth quarter and an 11% smaller economy at the end of 2020 than at the end of 2019.
A larger-than-expected quantitative easing package weakened expectations for sterling relative to the dollar and euro, and it signals a weaker UK economy. For feed buyers, the effect runs through currency moves rather than direct demand for feed.
politico.euMatei RoscaNov 5, 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.
