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Deputy Governor Sir Dave Ramsden said the Bank of England's base rate had most likely reached its 0.1% floor and that negative rates would not be implemented soon. Sterling jumped 1.4% to $1.2925 before falling back to about $1.28.
Reduced expectations of negative rates support sterling against the dollar, a minor factor for UK feed import costs. Grain and feed price direction is not affected.
thetimes.comGurpreet NarwanSep 28, 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.
