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Speculation that the Bank of England will cut its rate below zero has weighed on sterling during May, with bond markets reflecting the same move. A CME Group analyst argued that negative rates could support sterling, while HSBC viewed their FX impact as minor.
Market views conflict on whether sub-zero BoE rates would weaken or strengthen the pound, so the currency impact for UK feed buyers is uncertain.
poundsterlinglive.comMay 29, 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.
