Loading…
The Bank of England effectively removed the limit on the government's Ways and Means overdraft facility, which was previously about £400m. The move is a form of direct monetary financing of government spending.
Large-scale monetary financing can weaken sterling over time and raise inflation expectations, which affects import costs for UK feed buyers.
moneyweek.comJohn StepekApr 9, 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.
