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The Bank of England signaled it may consider cutting interest rates below zero for the first time, and will begin structured engagement with UK bank regulators on implementation. The pound fell on the news as coronavirus infections rose and no-deal Brexit risks grew.
Negative rate expectations weaken sterling, which can make UK buyers' dollar-priced feed imports relatively more expensive. The effect on grain and feed futures is limited.
bloomberg.comDavid Goodman, Olivia Konotey-AhuluSep 17, 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.
